Claypool Jeffrey C 4
4 · SEALY CORP · Filed Aug 26, 2008
Insider Transaction Report
Form 4
Claypool Jeffrey C
Sr. VP, Human Resources
Transactions
- Exercise of In-Money
Time Option
2008-03-03+12,500→ 12,500 totalExercise: $8.95Exp: 2015-03-03→ Common Stock, par value $0.01 per share (12,500 underlying) - Exercise of In-Money
Performance Option
2008-03-03+12,500→ 12,500 totalExercise: $8.95Exp: 2015-03-03→ Common Stock, par value $0.01 per share (12,500 underlying)
Footnotes (2)
- [F1]Options vest in 1/36th increments on the 3rd of each month for thirty-six consecutive months beginning on April 3, 2008. The Reporting Person is party to a Management Stockholder's Agreement which generally restricts the sale of the underlying security until April 7, 2009
- [F2]Options vest in 1/3rd increments upon the attainment of annual EBITDA targets set by the Board of Directors at the date of issuance.