ZOULLAS DEBORAH A 4
4 · ARMOR HOLDINGS INC · Filed Jun 24, 2005
Insider Transaction Report
Form 4
ZOULLAS DEBORAH A
Director
Transactions
- Award
Stock Option (right to buy)
2005-06-22+37,500→ 37,500 totalExercise: $39.20Exp: 2012-06-22→ Common Stock (37,500 underlying)
Footnotes (3)
- [F1]Presently exercisable.
- [F2]Sales of common stock issued upon an exercise of any such options are subject to lock-up restrictions; such lock-up restrictions will be released in accordance with the following schedule: on each calendar quarter beginning on September 30, 2005 and ending on June 30, 2008, 3,125 shares will be released from such lock-up restrictions. Upon Ms. Zoullas's voluntary resignation from the Board of Directors of the Company or her removal from the Board of Directors of the Company for cause, if any of the foregoing lock-up periods have not yet expired, they shall be extended for an additional five year period. Upon a change in control of the Company, any lock-up release periods that are still in effect with respect to shares shall terminate upon the occurrence of such change in control.
- [F3]In addition to the 37,500 stock options reported herein, the Reporting Person is the beneficial owner of presently exercisable stock options to purchase (i) 12,000 shares at an exercise price of $14.32 per share, (ii) 9,375 shares at an exercise price of $35.40 per share, and (iii) 15,794 shares at an exercise price of $13.98 per share. In addition, the Reporting Person is the beneficial owner of stock options to purchase 3,125 shares at an exercise price of $35.40 which vest on June 30, 2005.