CARNIVAL PLC 4
4 · CARNIVAL PLC · Filed Oct 20, 2004
Insider Transaction Report
Form 4
CARNIVAL PLCCUK
DUBBIN KENNETH D
Vice President-Corporate Dev.
Transactions
- Award
Stock Option (Right to tBuy)
2004-10-18+15,000→ 15,000 totalExercise: $49.09From: 2005-10-18Exp: 2014-10-18→ Trust Shares (beneficial interest in special voting share) (15,000 underlying)
Footnotes (3)
- [F1]Issued pursuant to the Carnival Corporation 2002 Stock Plan.
- [F2]Options vest ratably over five years beginning on the first anniversary of the grant date.
- [F3]Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (fka P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.