KORNBLUM WARREN 4
4 · TOYS R US INC · Filed Oct 31, 2003
Insider Transaction Report
Form 4
KORNBLUM WARREN
Ex VP -Chief Marketing Officer
Transactions
- Award
Stock Option (Right to Buy)
2003-10-31+4,556→ 4,556 totalExercise: $12.73From: 2004-04-30Exp: 2013-10-31→ Common Stock (4,556 underlying) - Tax Payment
Common Stock
2003-10-31$12.73/sh−4,556$57,998→ 30,000 total - Exercise/Conversion
Common Stock
2003-10-31$8.25/sh+4,556$37,587→ 34,556 total - Exercise/Conversion
Common Stock
2003-10-31$8.25/sh+2,474$20,411→ 2,474 total(indirect: A Non-Discretionary A/C) - Exercise/Conversion
Stock Option (Right to Buy)
2003-10-31−7,030→ 42,970 totalExercise: $8.25From: 2003-10-01Exp: 2013-04-01→ Common Stock (7,030 underlying)
Footnotes (1)
- [F1]Options to purchase 7,030 shares of common stock were exercised by delivery of 4,556 shares of common stock owned by the Reporting Person. Upon exercise, the Reporting Person was granted restoration options to purchase 4,556 shares of common stock under the Amended and Restated 1994 Stock Option and Performance Incentive Plan (the "Restoration Options"). The Restoration Options vest as follows: 2,278 Restoration Options vest on the second anniversary of the grant date of the original option and 2,278 Restoration Options vest on the third anniversary of the grant date of the original option, but the Reporting Person may exercise the Restoration Options after six months from the grant date of the Restoration Option, with the underlying shares being deposited into a non-discretionary account on behalf of the Reporting Person. These Restoration Options are subject to forfeiture under certain conditions. As a condition of granting the Restoration Option, 2,474 shares of common stock, representing the difference between the amount of options exercised (7,030) less the amount of shares of common stock delivered as payment for the exercise price (4,556), were placed into a non-discretionary account established by the Issuer for a minimum of two years from the transaction date. In addition, 1,237 of these shares vest on the second anniversary of the grant date of the original option and 1,237 of these shares vest on the third anniversary of the grant date of the original option.