Bizick Ronald G II 4

4 · GLOBAL SIGNAL INC · Filed Jan 4, 2006

Form 4

Period: 2006-01-03

EVP of Corp. Dev. & Operations

Transactions

Exercise/Conversion
Common Stock
2006-01-03$8.53/sh+46,125$393,446→ 354,148 total
Exercise/Conversion
Common Stock
2006-01-03$8.53/sh+61,500$524,595→ 308,023 total
Exercise/Conversion
Employee Stock Option (right to buy)
2006-01-03$8.53/sh−61,500$524,595→ 0 total
Exercise: $8.53From: 2005-12-31Exp: 2013-03-22→ Common Stock, par value $.01 per share (61,500 underlying)
Exercise/Conversion
Employee Stock Option (right to buy)
2006-01-03$18.00/sh−100,000$1,800,000→ 222,877 total
Exercise: $18.00From: 2005-12-31Exp: 2013-03-22→ Common Stock, par value $.01 per share (100,000 underlying)
Exercise/Conversion
Employee Stock Option (right to buy)
2006-01-03$8.53/sh−46,125$393,446→ 0 total
Exercise: $8.53From: 2005-12-31Exp: 2013-03-22→ Common Stock, par value $.01 per share (46,125 underlying)
Exercise/Conversion
Common Stock
2006-01-03$18.00/sh+100,000$1,800,000→ 448,593 total

Footnotes (2)

[F1]Pursuant to a Deferred Shares Award Agreement entered into between the issuer and the filer on December 21, 2005, the filer was given a discounted strike price of $8.53 for 61,500 shares of the 246,000 share option. The remaining shares (184,500) from that option will retain the exercise price of $18.00
[F2]Pursuant to a Deferred Shares Award Agreement entered into on December 21, 2005 between the issuer and the filer, the vesting options for 184,500 shares that were originally exercisable on 12/31/06 were accelerated to 12/31/05, and options for 143,500 shares were cancelled.

Documents

1 file