Olson Allan S 4
4 · IPSCO INC · Filed Jul 14, 2006
Insider Transaction Report
Form 4
IPSCO INCIPS
Olson Allan S
Director
Transactions
- Exercise/Conversion
Performance Units
2006-07-12−360→ 0 total→ Common Stock (360 underlying) - Exercise/Conversion
Common Stock
2006-07-12+360→ 360 total
Footnotes (1)
- [F1]Each Performance Unit or "PU" represented a contingent right of the reporting person to receive one common share of the Issuer upon the satisfaction of express performance objectives over an expressed performance period ending June 30, 2006. PU's, at the election of the reporting person, may be settled in the form of common shares or a combination of cash and common shares. There is no express expiration date for performance units.