4//SEC Filing
DANAHER CORP /DE/ 4
Accession 0001104659-03-019971
$DHRCIK 0000313616operating
Filed
Sep 2, 8:00 PM ET
Accepted
Sep 3, 7:24 PM ET
Size
8.9 KB
Accession
0001104659-03-019971
Insider Transaction Report
Form 4
DOLES DONALD E
VP - Danaher Business System
Transactions
- Discretionary Transaction
Executive Deferred Income Plan - Danaher Stock Fund
2003-08-29−1,553.4→ 1,472.47 totalExercise: $0.00→ Common Stock (1,553.4 underlying)
Footnotes (5)
- [F1]Compensation deferred under the Danaher stock fund included in Danaher's Executive Deferred Income Plan (the "EDIP Stock Fund") is deemed to be invested in a number of unfunded, notional units equal to the number of units which would have been credited if such amounts had been invested in the Danaher stock fund included in Danaher's 401(k) plan (the "401(k) Stock Fund"). The 401(k) Stock Fund is comprised of a unitized pool of Danaher common stock and cash, and as such does not allocate a specific number of shares of Danaher common stock to each participant. The notional units in the EDIP Stock Fund appreciate at the same rate of appreciation as the units in the 401(k) Stock Fund.
- [F2]The number of derivative securities described in the Table II, Items 5 and 7 is equal to (a) the amount acquired into or contributed to the EDIP Stock Fund on the date reported in Item 3 above, divided by (b) the closing price of Danaher common stock as reported on the New York Stock Exchange on the date reported in Item 3 above. The number of derivative securities described in Table II, Item 9 is equal to (a) the reporting person's balance in the EDIP Stock Fund as of the date reported in Item 3 above, divided by (b) the closing price of Danaher common stock as reported on the New York Stock Exchange on the date reported in Item 3 above.
- [F3]The reporting person immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund. The reporting person immediately vests in 2/3 of each company contribution to their EDIP Stock Fund, with the remaining 1/3 of the contribution vesting 100% upon the reporting person's death, or upon retirement following at least 5 years of service with Danaher and reaching the age of 55, in accordance with the plan. Upon termination of employment, the vested portion of the EDIP Stock Fund is settled in either cash, Danaher common stock or a combination of cash and Danaher common stock, at the reporting person's election.
- [F4]As of the close of business on September 2, 2003, the record-keeping for the balances in the EDIP Stock Fund will change from the methodology described in footnotes 1 and 2. All notional balances in the EDIP Danaher Stock Fund as of such time will be converted, for record-keeping purposes, into a number of notional shares equal to the quotient of (1) such balance, divided by (2) the closing price of Danaher common stock as reported on the New York Stock Exchange on September 2, 2003.
- [F5]In May 2003, Danaher's stockholders approved the Amended and Restated Danaher Corporation & Subsidiaries Executive Deferred Incentive Program (the "New EDIP"). Pursuant to the New EDIP, each participant had the right to make an election at any time during the period from August 1, 2003 through August 29, 2003 to move certain balances out of the EDIP Stock Fund into one or more other investment options offered under the New EDIP. All such elections became irrevocable and were given effect as of close of business on August 29, 2003. The transactions reported herein represent intra-plan transfers from the EDIP Stock Fund into one or more other investment options in the New EDIP.
Documents
Issuer
DANAHER CORP /DE/
CIK 0000313616
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000313616
Filing Metadata
- Form type
- 4
- Filed
- Sep 2, 8:00 PM ET
- Accepted
- Sep 3, 7:24 PM ET
- Size
- 8.9 KB