Schwartz Kenneth M 4
4 · K&F Industries Holdings, Inc. · Filed Jun 21, 2007
Insider Transaction Report
Form 4
Schwartz Kenneth M
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock, Par Value $0.01 per share
2007-06-19$5.22/sh+38,314$199,999→ 39,414 total - Exercise/Conversion
Option
2007-06-19+38,314→ 520,955 totalExercise: $5.22Exp: 2015-01-01→ Common Stock, Par Value $0.01 per share (38,314 underlying)
Footnotes (4)
- [F1]Excludes 500 shares purchased by Beth Schwartz, Mr. Schwartz's wife, 500 shares purchased by Jonathan Schwartz, Mr. Schwartz's son and 500 shares purchased by Ilana Schwartz, Mr. Schwartz's daughter. Mr. Schwartz disclaims beneficial ownership of all such shares except to the extent he may be deemed to have a pecuniary interest therein.
- [F2]The option vests at the rate of 20% per year, commencing on January 1, 2006.
- [F3]Granted as compensation for services as an officer and director.
- [F4]K&F Industries Holdings, Inc. paid special dividends using the proceeds of its initial public offering to its common stockholders of record immediately prior to its initial public offering. After the payment of these dividends, the number of shares issuable upon exercise of these options was automatically and proportionately increased without increasing the aggregate option exercise price. The number of shares issuable upon exercise of each option to purchase one share was increased to approximately 1.44 shares after the payment of these dividends.