AMERICAN AXLE & MANUFACTURING HOLDINGS INC 4

4 · AMERICAN AXLE & MANUFACTURING HOLDINGS INC · Filed Mar 17, 2006

Form 4

Period: 2006-03-15

Vice Chairman & CTO

Transactions

Award
Common Stock
2006-03-15+15,000→ 24,200 total
Award
Restricted Stock Units
2006-03-15+10,000→ 15,800 total
Exp: 2016-03-15→ Common Stock (10,000 underlying)
Award
Employee Stock Option (right to buy)
2006-03-15+42,000→ 42,000 total
Exercise: $15.58Exp: 2016-03-15→ Common Stock (42,000 underlying)

Footnotes (4)

[F1]Upon vesting, each restricted stock unit will be converted and distributed to the reporting person in cash equal to the then current market value of one share of AAM common stock, subject to tax withholdings.
[F2]The restricted stock units will vest on the fifth anniversary of the grant date, unless vesting is accelerated at the end of the third or fourth year of the grant. Accelerated vesting will be contingent upon the Company's achievement of pre-determined performance goals, measured by total stockholder return (TSR) as compared to the TSR of the Company's competitor peer group.
[F3]Includes 2,800 restricted stock units granted on March 15, 2005 under the same terms as described in footnotes 1 and 2 above.
[F4]The options vest in three approximately equal annual installments beginning March 15, 2007.

Documents

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