COVENANT TRANSPORT INC 4
4 · COVENANT TRANSPORT INC · Filed Sep 3, 2004
Insider Transaction Report
Form 4
ROSEMAN MARY B
Controller
Transactions
- Exercise/Conversion
Class A Common Stock
2004-09-01$15.50/sh+2,000$31,000→ 2,800 total - Sale
Class A Common Stock
2004-09-01$19.75/sh−2,000$39,500→ 800 total - Exercise/Conversion
Employee Stock Option (Right to Buy) Class A Common Stock
2004-09-01−2,000→ 0 totalExercise: $15.50Exp: 2006-06-03→ Class A Common Stock (2,000 underlying)
Footnotes (3)
- [F1]The option to purchase 2,000 shares of Class A Common Stock was granted on June 3, 1996, and became exercisable between June 3, 1997 and June 3, 2001, at the rate of 20% per year.
- [F2]Incentive stock options expire on June 3, 2006. The option to purchase stock options is subject to earlier termination in the event of termination of the reporting person's employment with the issuer. Termination provisions are set forth in the stock option agreement between the reporting person and the issuer and in the issuer's Incentive Stock Plan (Amended and Restated as of May 17, 2001).
- [F3]Upon exercise, the derivative security converts on a one-to-one basis into Class A Common Stock. The exercise price of the derivative security is set forth in Column 2 of Table II of this report.