LESTER JOSEPH P 4
4 · CRITICARE SYSTEMS INC /DE/ · Filed May 31, 2005
Insider Transaction Report
Form 4
LESTER JOSEPH P
VP and General Manager
Transactions
- Exercise/Conversion
Common Stock, par value $.04 per share
2005-05-26$1.88/sh+9,125$17,109→ 9,125 total - Exercise/Conversion
Common Stock Option
2005-05-26−9,125→ 0 totalExercise: $1.88From: 2001-12-20Exp: 2005-12-20→ Common Stock (9,125 underlying) - Sale
Common Stock, par value $.04 per share
2005-05-26$4.29/sh−9,125$39,146→ 0 total
Footnotes (2)
- [F1]The common stock option vested in the following amounts on the following dates: 12,500 shares vested on each of December 20, 2001; December 20, 2002; December 20, 2003; and December 20, 2004.
- [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 12,500 and the amount of the common stock option beneficially owned after the exercise was 0. The reporting person's former spouse is deemed to beneficially own the remaining portion of the option exercised (3,375 option shares).