Weiner Robert B 4
4 · CROMPTON CORP · Filed Feb 24, 2005
Insider Transaction Report
Form 4
Weiner Robert B
EVP, Supply Chain Operations
Transactions
- Other
Common Stock
2005-02-23$12.92/sh+15,000$193,800→ 15,000 total(indirect: Restricted Stock Account I) - Other
Common Stock
2005-02-23+91→ 91 total(indirect: By Trust) - Other
NQ Stock Option (Right to Buy)
2005-02-23$12.92/sh+45,000$581,400→ 45,000 totalExercise: $12.92From: 2006-02-23Exp: 2015-03-22→ Common Stock (45,000 underlying)
Holdings
- 6,500(indirect: Restricted Stock Account)
Common Stock
- 25,000
NQ Stock Option (Right to Buy)
Exercise: $11.24From: 2005-11-23Exp: 2014-12-22→ Common Stock (25,000 underlying)
Footnotes (3)
- [F1]Restricted Shares acquired pursuant to the 2005-2007 Long-Term Incentive Plan will vest upon a share of the Registrant's common stock reaching the following stock price milestones: twenty (20%) percent of grant upon closing price of a share attaining $14.00; twenty (20%) percent of grant upon closing price of a share attaining $16.75; twenty (20%) percent of grant upon closing price of a share attaining $19.88; and forty (40%) of grant upon closing price of share attaining $23.60. Shares will vest as stated above when a particular milestone is reached and maintained for ten (10) consecutive trading days, based on the closing price of a share of the Registrant's common stock on the New York Stock Exchange.
- [F2]Opening balance in the Employee Stock Ownership Plan ("ESOP TRUST.")
- [F3]Options will vest as follows: one-third (1/3) of grant on February 23, 2006; one-third (1/3) of grant on February 23, 2007; and one-third of grant on February 23, 2008.