AMERICAN AXLE & MANUFACTURING HOLDINGS INC 4
4 · AMERICAN AXLE & MANUFACTURING HOLDINGS INC · Filed Mar 17, 2006
Insider Transaction Report
Form 4
SPOHN PATRICK J
VP & Controller
Transactions
- Award
Restricted Stock Units
2006-03-15+2,400→ 2,400 totalExp: 2016-03-15→ Common Stock (2,400 underlying) - Award
Employee Stock Option (right to buy)
2006-03-15+10,000→ 10,000 totalExercise: $15.58Exp: 2016-03-15→ Common Stock (10,000 underlying) - Award
Common Stock
2006-03-15+3,600→ 4,594 total
Footnotes (3)
- [F1]Upon vesting, each restricted stock unit will be converted and distributed to the reporting person in cash equal to based upon 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]The options vest in three approximately equal annual installments beginning March 15, 2007.