ARMOR HOLDINGS INC 4
4 · ARMOR HOLDINGS INC · Filed Aug 22, 2005
Insider Transaction Report
Form 4
SCHILLER ROBERT
President and COO
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2005-08-22−6,644→ 10,050 totalExercise: $15.05Exp: 2011-09-06→ Common Stock (6,644 underlying) - Exercise/Conversion
Common Stock, par value $0.01 per share
2005-08-22$15.05/sh+6,644$99,992→ 191,546 total
Footnotes (6)
- [F1]The amount of securities reported as beneficially owned following the reported transaction includes: (i) 11,170 shares of restricted stock 3,723 shares of which will vest on each of January 1, 2006 and 2007, and 3,724 shares of which will vest on January 1, 2008; (ii) 6,921 shares of restricted stock all of which will vest on February 9, 2007; and (iii) 95,325 shares of restricted stock, sales of which are restricted until November 11, 2005; upon the Reporting Person's voluntary termination of employment with the Company, if the foregoing lock-up period has not yet expired, it shall be extended for an additional five year period; upon a change in control of the Company, any lock-up release period that is still in effect in respect of such shares upon the occurrence of such change in control shall terminate.
- [F2]Presently exercisable.
- [F3]In addition to the stock options reported herein, the Reporting Persons is the beneficial owner of stock options to purchase: (i) 50,000 shares at an exercise price of $15.05 per share which are presently exercisable; sales of common stock issued upon an exercise of any such options will be restricted from sale until December 31, 2005; in addition, upon the Reporting Person's voluntary termination of employment with the Company, if the foregoing lock-up period has not yet expired, it shall be extended for an additional five year period; (ii) 666 shares at an exercise price of $17.12 which are presently exercisable;
- [F4](iii) 133,334 shares at an exercise price of $17.12 per share which are presently exercisable; sales of common stock issued upon an exercise of any such options are subject to the following lock-up restrictions: 66,667 shares will be restricted from sale until October 8, 2005, and 66,667 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;
- [F5](iv) 100,000 shares at an exercise price of $45.93 per share 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 January 3, 2006; 33,333 shares will be restricted from sale until January 3, 2007; and 33,334 shares will be restricted from sale until January 3, 2008; 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; and
- [F6](v) 219,200 shares at an exercise price of $37.90 per share 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: 33,333 shares will be restricted from sale until January 1, 2007; 66,666 shares will be restricted from sale until January 1, 2008; 85,867 shares will be restricted from sale until January 1, 2009; and 33,334 shares will be restricted from sale until January 1, 2010; 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.