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4//SEC Filing

TUCHMAN ROBERT L 4

Accession 0000950172-03-003265

CIK 0000082788other

Filed

Nov 9, 7:00 PM ET

Accepted

Nov 10, 11:40 AM ET

Size

11.0 KB

Accession

0000950172-03-003265

Insider Transaction Report

Form 4
Period: 2003-11-07
REFAC(AMEX:REF)
TUCHMAN ROBERT L
DirectorPresident & CEO
Transactions
  • Award

    Options to acquire common stock

    2003-11-07+8,333175,000 total
    Exercise: $5.02From: 2003-11-07Exp: 2008-11-07Common stock (8,333 underlying)
  • Award

    Options to acquire common stock

    2003-11-07+8,334175,000 total
    Exercise: $5.02From: 2005-11-07Exp: 2008-11-07Common stock (8,334 underlying)
Footnotes (2)
  • [F1]Mr. Tuchman received from Refac 25,000 options to acquire shares of common stock pursuant to the Fifth Amended and Restated Employment Agreement between Mr. Tuchman and Refac, dated as of November 7, 2003.
  • [F2]Pursuant to the Agreement and Plan of Merger among Refac, Palisade Concentrated Equity Partnership L.P.("Palisade") and a wholly-owned subsidiary of Palisade (the "Merger Agreement"), dated as of August 19, 2002, Mr. Tuchman will acquire 0.2 shares of Refac common stock, $3.60 in cash and the Payment Right (as defined in the Merger Agreement) per option upon exercise of 150,000 of such options. With respect to the 25,000 options granted on November 7, 2003, Mr. Tuchman will acquire one share of Refac common stock per option exercised.

Issuer

REFAC

CIK 0000082788

Entity typeother

Related Parties

1
  • filerCIK 0001237531

Filing Metadata

Form type
4
Filed
Nov 9, 7:00 PM ET
Accepted
Nov 10, 11:40 AM ET
Size
11.0 KB