STUART JOHN E 4
4 · FOSTER WHEELER LTD · Filed Jan 5, 2004
Insider Transaction Report
Form 4
FOSTER WHEELER LTDFWLRF.OB
STUART JOHN E
Director
Transactions
- Award
Phantom Stock Units
2004-01-02+300→ 24,491.49 total→ Common Stock (300 underlying)
Footnotes (2)
- [F1]The phantom stock units are convertible to common shares on a one-for-one basis.
- [F2]2. The phantom stock units are accrued under the Directors Deferred Compensation and Stock Award Plan (the "Plan") and are to be settled upon the reporting person's normal retirement or death or in accordance with a deferral election or earlier, provided that: i) an election for early delivery of deferred fees is made in accordance with the Plan or ii) Board service ceased in good standing as approved the Nominating Committee. The units reported were acquired by each non-employee director as an annual award (300 share units) on the first business day of the year, January 2, 2004, the deemed transaction date pursuant to the Plan, and the number of derivative securities beneficially owned are also as of this date.