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Walker Kenneth L 4

Accession 0001104659-09-047293

CIK 0000748015other
View on SEC.govCompany Profile

Filed

Aug 4, 8:00 PM ET

Accepted

Aug 5, 2:42 PM ET

Size

59.9 KB

Accession

0001104659-09-047293

Insider Transaction Report

Form 4
Period: 2009-06-12
SEALY CORPZZ
Walker Kenneth L
SVP, General Counsel & Sec.
Transactions
  • Disposition to Issuer

    Time Options 04/06/2004

    2009-06-12−184,601→ 0 total
    Exercise: $0.20From: 2004-04-06Exp: 2014-04-06→ Common Stock (184,601 underlying)
  • Award

    Time Options 04/06/2004

    2009-06-12+245,094→ 245,094 total
    Exercise: $0.15From: 2004-04-06Exp: 2014-04-06→ Common Stock (245,094 underlying)
  • Disposition to Issuer

    Time Options 04/06/2004

    2009-06-12−159,148→ 0 total
    Exercise: $1.58From: 2004-04-06Exp: 2014-04-06→ Common Stock (159,148 underlying)
  • Award

    Time Options 04/06/2004

    2009-06-12+211,300→ 211,300 total
    Exercise: $1.19From: 2004-04-06Exp: 2014-04-06→ Common Stock (211,300 underlying)
  • Disposition to Issuer

    Time Options 04/06/2004

    2009-06-12−39,787→ 0 total
    Exercise: $1.90From: 2004-04-06Exp: 2014-04-06→ Common Stock (39,787 underlying)
  • Award

    Time Options 04/06/2004

    2009-06-12+52,825→ 52,825 total
    Exercise: $1.43From: 2004-04-06Exp: 2014-04-06→ Common Stock (52,825 underlying)
  • Award

    Time Options 07/20/2004

    2009-06-12+186,752→ 186,752 total
    Exercise: $4.36From: 2009-04-20Exp: 2014-07-20→ Common Stock (186,752 underlying)
  • Award

    Perform Options 07/20/2004

    2009-06-12+274,692→ 274,692 total
    Exercise: $4.36Exp: 2014-07-20→ Common Stock (274,692 underlying)
  • Disposition to Issuer

    Waiver Options 04/06/2006

    2009-06-12−63,571→ 0 total
    Exercise: $16.00Exp: 2016-04-06→ Common Stock (63,571 underlying)
  • Award

    Waiver Options 04/19/2006

    2009-06-12+20,130→ 20,130 total
    Exercise: $12.47Exp: 2016-04-19→ Common Stock (20,130 underlying)
  • Award

    Waiver Options 07/18/2006

    2009-06-12+13,245→ 13,245 total
    Exercise: $12.47Exp: 2016-07-18→ Common Stock (13,245 underlying)
  • Disposition to Issuer

    Time Options 03/03/2008

    2009-06-12−12,500→ 0 total
    Exercise: $8.95Exp: 2015-03-03→ Common Stock (12,500 underlying)
  • Disposition to Issuer

    Perform Options 03/03/2008

    2009-06-12−12,500→ 0 total
    Exercise: $8.95Exp: 2015-03-03→ Common Stock (12,500 underlying)
  • Award

    Perform Options 03/03/2008

    2009-06-12+12,500→ 12,500 total
    Exercise: $6.74Exp: 2015-03-03→ Common Stock (12,500 underlying)
  • Disposition to Issuer

    Time Options 11/23/2008

    2009-06-12−60,000→ 0 total
    Exercise: $2.18Exp: 2015-11-23→ Common Stock (60,000 underlying)
  • Disposition to Issuer

    Waiver Options 04/19/2006

    2009-06-12−20,130→ 0 total
    Exercise: $16.55Exp: 2016-04-19→ Common Stock (20,130 underlying)
  • Disposition to Issuer

    Waiver Options 07/18/2006

    2009-06-12−13,245→ 0 total
    Exercise: $16.55Exp: 2016-07-18→ Common Stock (13,245 underlying)
  • Award

    Time Options 03/03/2008

    2009-06-12+12,500→ 12,500 total
    Exercise: $6.74Exp: 2015-03-03→ Common Stock (12,500 underlying)
  • Award

    Time Options 11/23/2008

    2009-06-12+60,000→ 60,000 total
    Exercise: $1.64Exp: 2015-11-23→ Common Stock (60,000 underlying)
  • Disposition to Issuer

    Restricted Stock Units 2/26/2009

    2009-06-12−12,500→ 0 total
    Exercise: $0.00Exp: 2012-02-28→ Common Stock (12,500 underlying)
  • Disposition to Issuer

    Time Options 07/20/2004

    2009-06-12−186,752→ 0 total
    Exercise: $5.79From: 2009-04-20Exp: 2014-07-20→ Common Stock (186,752 underlying)
  • Disposition to Issuer

    Perform Options 07/20/2004

    2009-06-12−274,692→ 0 total
    Exercise: $5.79Exp: 2014-07-20→ Common Stock (274,692 underlying)
  • Award

    Waiver Options 04/06/2006

    2009-06-12+63,571→ 63,571 total
    Exercise: $12.05Exp: 2016-04-06→ Common Stock (63,571 underlying)
  • Award

    Restricted Stock Units 2/26/2009

    2009-06-12+16,596→ 16,596 total
    Exercise: $0.00Exp: 2012-02-28→ Common Stock (16,596 underlying)
Footnotes (12)
  • [F1]Two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option.
  • [F10]Two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. If individual remains a Company employee through 11-30-2010 and if the Company achieves $223 million in annual management EBITDA during the Company's fiscal year 2009 then 1/3 portion of grant will be paid. If the11-30-2010 employment date is attained and if the Company achieves $245 million in annual management EBITDA during the Company's fiscal year 2010 then 1/3 portion of grant will be paid, plus any grant amount not attainted the prior year. If the11-30-2010 employment date is attained and if the Company achieves $270 million in annual management EBITDA during the Company's fiscal year 2011 then 1/3 portion of grant will be paid, plus any grant amount not attainted the prior years.
  • [F11]Two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. 1/3rd of the options will become exercisable on November 23, 2009 and 1/3rd of the options will become exercisable on November 23, 2010 and the remainder on November 23, 2011, as long as the employee remains with the Company.
  • [F12]Two reported transactions involved an amendment of an outstanding restricted stock unit grant, resulting in the deemed cancellation of the "old" RSU and the making of a replacement RSU grant. Each restricted stock unit represents a contingent right to receive one share of Sealy Corporation common stock. If individual remains a Company employee through 2-28-2012 and if during Company's fiscal years 2009, 2010 or 2011 the Company's annual management EBITDA equals or exceeds $157 million, then 1/3 portion of grant will be paid. An additional 1/3 portion will be paid for the Company's achieving $170 million in annual management EBITDA during the 3 year period. Final 1/3 portion will be paid for the Company's achieving $200 million annual management EBITDA during the 3 year period.
  • [F2]Two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option.
  • [F3]Two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option.
  • [F4]Two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option.
  • [F5]Two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. These options will vest July 20, 2012 at the latest. These performance options will vest after eight years regardless of performance as long as the employee remains with the company, but they can become exercisable if the Company's auditors confirm that the Company has reached certain pre-set financial targets on a yearly basis. The date for that confirmation is generally when the auditors confirm the financial results for the company (by early march following the close of the fiscal year).
  • [F6]Two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. These options are time options, which become exercisable on the 6th of each month following April 6, 2006 for 60 months in 1/60th increments through April 6, 2011, as long as the employee remains with the Company.
  • [F7]Two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. These options are time options, which become exercisable on the 19th of each month following April 19, 2006 for 60 months in 1/60th increments through April 19, 2011, as long as the employee remains with the Company.
  • [F8]Two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. These options are time options, five percent (5%) of which become exercisable on July 18, 2006 and the balance of which becomes exercisable on the 18th of each month following July 18, 2006 and continuing for 57 months in 1/57th increments through April 18, 2011, as long as the employee remains with the Company.
  • [F9]Two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. These options are time options, which become exercisable on the 3rd of each month following March 3, 2008 for 36 months in 1/36th increments through March 3, 2011, as long as the employee remains with the Company.

Documents

1 file

Issuer

SEALY CORP

CIK 0000748015

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Entity typeother

Related Parties

1
  • filerCIK 0001358195

Filing Metadata

Form type
4
Filed
Aug 4, 8:00 PM ET
Accepted
Aug 5, 2:42 PM ET
Size
59.9 KB
View on SEC.gov