COVALENT GROUP INC 4
4 · COVALENT GROUP INC · Filed Aug 1, 2003
Insider Transaction Report
Form 4
BOROW KENNETH M MD
DirectorPresident, CEO
Transactions
- Tax Payment
Common stock
2003-07-31$2.91/sh−22,305$64,908→ 890,568 total - Sale
Common stock
2003-07-31$2.91/sh−118,127$343,750→ 412,873 total - Purchase
Common stock
2003-07-31$0.69/sh+500,000$343,750→ 912,873 total - Exercise/Conversion
Employee stock option (right to buy)
2003-07-31$0.69/sh−500,000$343,750→ 550,000 totalExercise: $0.69From: 1998-08-06Exp: 2003-08-05→ Common stock (500,000 underlying)
Footnotes (5)
- [F1]Dr. Borow also owns or controls 39,000 shares indirectly.
- [F2]Dr. Borow also owns or controls 39,000 shares indirectly.
- [F3]150,000 were exercisable 8/6/98; an additional 67,000 were exercisable 12/6/98; an additional 133,000 were exercisable 8/6/1999; with the remaining 150,000 exerciseable 8/6/2000.
- [F4]Dr. Borow also owns or controls 39,000 shares indirectly.
- [F5]Tendered to the company as consideration pursuant to the exercise of an employee stock option.