LESTER JOSEPH P 4
4 · CRITICARE SYSTEMS INC /DE/ · Filed Feb 24, 2005
Insider Transaction Report
Form 4
LESTER JOSEPH P
VP and General Manager
Transactions
- Exercise/Conversion
Common Stock, par value $0.04 per share
2005-02-23$2.25/sh+14,600$32,850→ 14,600 total - Sale
Common Stock, par value $0.04 per share
2005-02-23$3.20/sh−14,313$45,802→ 287 total - Sale
Common Stock,par value $0.04 per share
2005-02-22$3.23/sh−2,190$7,074→ 5,110 total - Exercise/Conversion
Common Stock Option
2005-02-22−7,300→ 14,600 totalExercise: $2.25From: 2001-02-23Exp: 2005-02-24→ Common Stock (7,300 underlying) - Exercise/Conversion
Common Stock Option
2005-02-23−14,600→ 0 totalExercise: $2.25From: 2001-02-23Exp: 2005-02-24→ Common Stock (14,600 underlying) - Sale
Common Stock, par value $0.04 per share
2005-02-22$3.29/sh−3,066$10,087→ 0 total - Sale
Common Stock, par value $0.04 per share
2005-02-22$3.25/sh−2,044$6,643→ 3,066 total - Exercise/Conversion
Common Stock, par value $0.04 per share
2005-02-22$2.25/sh+7,300$16,425→ 7,300 total - Sale
Common Stock, par value $0.04 per share
2005-02-23$3.21/sh−287$921→ 0 total
Footnotes (3)
- [F1]The common stock option vested in the following amounts on the following dates: 20,000 shares vested on February 23, 2001; 20,000 shares vested on February 23, 2002; and 10,000 shares vested on February 23, 2003.
- [F2]Pursuant to a Qualified Domestic Relations Order ("QDRO") entered into between the reporting person and the reporting person's former spouse, the economic benefits associated with 27% of the shares underlying the common stock option were transferred by the reporting person to his former spouse. The reporting person disclaims beneficial ownership in the shares transferred pursuant to the QDRO. Consequently, the amount of the common stock option that was exercised for the benefit of the reporting person was 73% of 10,000 and the amount of the common stock option beneficially owned after the exercise was 73% of 20,000.
- [F3]As a result of the QDRO, the amount of the common stock that was exercised for the benefit of the reporting person was 73% of 20,000 and the amount of the common stock option beneficially owned after the exercise was 0. Additionally, pursuant to the QDRO the reporting person disposed of the portion of this common stock option deemed to be owned by his ex-spouse.