ARMOR HOLDINGS INC 4
4 · ARMOR HOLDINGS INC · Filed Mar 29, 2005
Insider Transaction Report
Form 4
MECREDY ROBERT F
President-Aerospace & Def Grp
Transactions
- Award
Stock Option (right to buy)
2005-03-25+75,000→ 75,000 totalExercise: $37.90Exp: 2015-03-25→ Common Stock (75,000 underlying)
Footnotes (4)
- [F1]Presently exercisable.
- [F2]Sales of common stock issued upon an exercise of any such options will be subject to the following lock-up restrictions: 6,250 shares will be restricted from sale until January 1, 2008; 12,500 shares will be restricted from sale until January 1, 2009; 18,750 shares will be restricted from sale until January 1, 2010; 18,750 shares will be restricted from sale until January 1, 2011; 12,500 shares will be restricted from sale until January 1, 2012; and 6,250 shares will be restricted from sale until January 1, 2013. In addition, upon the Reporting Person's voluntary termination of employment with the Company, any of the foregoing lock-up periods which have not yet expired shall be extended for an additional five year period.
- [F3]In addition to the 75,000 stock options reported herein, the Reporting Person is the beneficial owner of stock options to purchase: (i) 66,666 shares at an exercise price of $17.12 which are presently exercisable; sales of common stock issued upon an exercise of any such options are subject to the following lock-up restrictions: 33,333 shares will be restricted from sale until October 8, 2005, and 33,333 shares will be restricted from sale until October 8, 2006; in addition, upon the Reporting Person's voluntary termination of employment with the Company, any of the foregoing lock-up periods which have not yet expired shall be extended for an additional five year period; (ii) 8,334 shares at an exercise price of $23.09; and
- [F4](continued from footnote 3) (iii) 75,000 shares at an exercise price of $44.76 which are presently exercisable; sales of common stock issued upon an exercise of any such options will be subject to the following lock-up restrictions: all of the shares will be restricted from sale for two years from February 10, 2005 (the "Vesting Date"), 75% of the shares will be restricted from sale for three years from the Vesting Date, 50% of the shares will be restricted from sale for four years from the Vesting Date, and 25% of the shares will be restricted from sale for five years from the Vesting Date.