NEUBERGER BERMAN INC 4

4 · NEUBERGER BERMAN INC · Filed Nov 4, 2003

Form 4

Period: 2003-10-31

Director

Transactions

Disposition to Issuer
Director Stock Option (Right to Buy)
2003-10-31−1,385→ 0 total
Exercise: $40.67Exp: 2003-10-31→ Common Stock (1,385 underlying)
Disposition to Issuer
Director Stock Option (Right to Buy)
2003-10-31−1,180→ 0 total
Exercise: $47.67Exp: 2003-10-31→ Common Stock (1,180 underlying)
Disposition to Issuer
Director Stock Option (Right to Buy)
2003-10-31−1,933→ 0 total
Exercise: $29.10Exp: 2003-10-31→ Common Stock (1,933 underlying)
Disposition to Issuer
Director Stock Option (Right To Buy)
2003-10-31−5,000→ 0 total
Exercise: $44.22Exp: 2003-10-31→ Common Stock (5,000 underlying)
Disposition to Issuer
Common Stock
2003-10-31−24,181→ 0 total
Disposition to Issuer
Director Stock Option (Right to Buy)
2003-10-31−6,000→ 0 total
Exercise: $18.75Exp: 2003-10-31→ Common Stock (6,000 underlying)

Footnotes (10)

[F1]Disposed of pursuant to the terms and provisions of the Agreement and Plan of Merger, dated as of July 21, 2003 (the 'Merger Agreement'), among Lehman Brothers Holdings Inc. ('Lehman'), Ruby Acquisition Company and Neuberger Berman Inc. ('Neuberger Berman'), in exchange for 11,464 shares of Lehman common stock and $229,492.36 in cash on October 31, 2003, the effective date of the merger (the 'Effective Date').
[F10]The option was replaced with an option to acquire 845 shares of Lehman common stock for $66.63 per share.
[F2]The closing price of Lehman common stock on the Effective Date was $72.00 per share.
[F3]On the Effective Date, all outstanding stock options to purchase Neuberger Berman's common stock granted under the Neuberger Berman 1999 Director's Stock Incentive Plan, as amended, (the DSIP'), converted into options to purchase shares of Lehman common stock, in accordance with the terms and provisions of the Merger Agreement .
[F4]All unvested stock options granted under the DSIP vested on the Effective Date.
[F5]Previously vested.
[F6]The option was replaced with an option to acquire 3,052 shares of Lehman common stock for $72.45 per share.
[F7]The option was replaced with an option to acquire 720 shares of Lehman common stock for $78.10 per share.
[F8]The option was replaced with an option to acquire 1,179 shares of Lehman common stock for $47.68 per share.
[F9]The option was replaced with an option to acquire 3,662 shares of Lehman common stock for $30.72 per share.

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