DELTA WOODSIDE INDUSTRIES INC /SC/ 4
4 · DELTA WOODSIDE INDUSTRIES INC /SC/ · Filed Aug 31, 2005
Insider Transaction Report
Form 4
GARRETT WILLIAM F
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Common Stock, $.01 Par Value
2005-08-03−7,200→ 133,709.56 total - Exercise/Conversion
Phantom
2005-08-03−4,800→ 9,600 total→ Common Stock, $.01 Par Value (4,800 underlying) - Disposition to Issuer
Common Stock, $.01 Par Value
2005-08-03$0.65/sh−4,800$3,120→ 140,909.56 total - Exercise/Conversion
Common Stock, $.01 Par Value
2005-08-03+4,800→ 145,709.56 total
Footnotes (3)
- [F1]The conversion price of the security is $0.00.
- [F2]These phantom stock units were allocated under the Company's 2004 Restricted Stock Plan and will be settled on a 1 for 1 basis upon vesting of outstanding restricted stock awards at or about the Company's year-end for each of 2004, 2005 and 2006. Vesting with respect to 50% of the units are dependent upon the achievement of certain service criteria and 50% upon the achievement of certain performance criteria.
- [F3]The number of shares shown in Column 9 reflects changes in the number of shares beneficially owned by the reporting person due to the forfeiture of a number of phantom units.