NOWAK JOSEPH 4
4 · METALDYNE CORP · Filed Jan 20, 2004
Insider Transaction Report
Form 4
METALDYNE CORPNONE
NOWAK JOSEPH
President-Chassis Group
Transactions
- Disposition to Issuer
Common Stock
2004-01-14$20.28/sh−7,152$145,043→ 2,384 total - Disposition to Issuer
Stock Option
2004-01-15−45,922→ 0 totalExercise: $16.90Exp: 2011-03-08→ Common Stock (45,922 underlying) - Exercise/Conversion
Restricted Stock
2004-01-14−7,152→ 0 totalExercise: $20.28From: 2004-01-14Exp: 2004-01-14→ Common Stock (7,152 underlying) - Exercise/Conversion
Common Stock
2004-01-14$20.28/sh+7,152$145,043→ 0 total
Footnotes (4)
- [F1]On January 14, 2004, the reporting person elected, pursuant to the terms of his restricted stock, to receive $20.28/share in cash.
- [F2]On January 15, 2004, pursuant to a voluntary stock option exchange program, the Company cancelled all options previously granted to the reporting person. In exchange, subject to continuing eligibility, the reporting person received: 1) the right to receive, on July 16, 2004, new options for shares equal to 95% of the shares underlying the cancelled options, with an exercise price equal to the fair market value of the Company's common stock on that date, subject to vesting 40% on that date and 30% annually thereafter and otherwise substantially similar to the cancelled options; and 2) one restricted stock unit ("RSU") for every 40 shares underlying cancelled options, with each RSU representing the right to receive: a) one share of stock on August 15, 2004, subject to optional deferral, and b) a vested reload option exercisable for 90 days in the event a Change in Control occurs on or before July 15, 2004.
- [F3]The canceled option provided for vesting in five annual installments beginning on December 15, 2001.
- [F4]The canceled option provided for vesting in five annual installments beginning on November 1, 2002.