MCGRUDER MERLE 4
4 · FREDS INC · Filed Sep 23, 2003
Insider Transaction Report
Form 4
FREDS INCFRED
MCGRUDER MERLE
Vice President
Transactions
- Award
Option on Class A Common Stock
2003-09-19+1,800→ 1,800 totalExercise: $20.60→ Class A Common Stock (1,800 underlying) - Award
Option on Class A Common Stock
2003-09-19+7,200→ 7,200 totalExercise: $17.67→ Class A Common Stock (7,200 underlying)
Footnotes (4)
- [F1]Split affected for 7/1/03 3 for 2 stock split.
- [F2]Received grant dated 3/11/03 with the option term of seven years, six months. Vesting schedule: 10% on 8/20/04, 8/20/05, 8/20/06, 8/20/07, with the remaining 60% vesting on 8/20/08. Vesting may be accelerated to 20% in any year that Operating Income Margin meets or exceeds the target.
- [F3]Received grant dated 5/19/03 with the option term of seven years, four months. Vesting schedule: 10% on 8/20/04, 8/20/05, 8/20/06, 8/20/07, with the remaining 60% vesting on 8/20/08. Vesting may be accelerated to 20% in any year that Operating Income Margin meets or exceeds the target.
- [F4]Mr. McGruder currently has a total of 14,625 options to purchase common stock under various grants from Fred's, Inc.