4//SEC Filing
LA DUC JOHN T 4
Accession 0001125282-04-004801
CIK 0001130385other
Filed
Sep 30, 8:00 PM ET
Accepted
Oct 1, 6:07 PM ET
Size
9.7 KB
Accession
0001125282-04-004801
Insider Transaction Report
Form 4
FOSTER WHEELER LTDFWLRF.OB
LA DUC JOHN T
Exec Vice Pres & CFO
Transactions
- Award
Employee Stock Option (Right to Buy)
2004-09-29+2,391.6→ 2,391.6 totalExercise: $609.44From: 2005-12-31→ Series B Convertible Preferred Shares (2,391.6 underlying) - Award
Restricted Stock Units (Right to Acquire)
2004-09-29+2,090,401→ 2,090,401 totalFrom: 2005-12-31→ Common Shares (2,090,401 underlying)
Footnotes (5)
- [F1]This award was approved by the issuer's Compensation Committee on the date reflected. The grant date of the award is subject to the New Jersey Bureau of Securities declaring effective a registration statement filed therewith registering the issuance of shares under the issuer's stock plan under which this award was granted. The grant date for the award will be the date on which the New Jersey Bureau of Securities declares this registration statement effective.
- [F2]Options granted pursuant to 2004 Stock Option Plan. Options become exercisable as to one-third of the shares on December 31, 2005, and as to the remaining two-thirds of such shares on December 31, 2006. The option gives the holder the right to acquire Series B Convertible Preferred Shares of the issuer. Each such Series B Convertible Preferred Share is convertible, at the holder's option, into 1,300 Common Shares of the issuer upon the approval by the shareholders of the issuer to reduce the par value of the issuer's shares and to increase the number of authorized Common Shares issuable and upon approval of a bonus issue of Common Shares by the board of directors of the issuer in respect of each such Series B Convertible Preferred Share. Upon such shareholder approval, however, this option will automatically convert into an option to purchase the appropriate number of Common Shares.
- [F3]The option will expire on the third anniversary of the grant date. See note 1 regarding the grant date.
- [F4]The Restricted Stock Units provide a right to acquire common shares on a one-for-one basis.
- [F5]Subject to continuing service requirements, the Restricted Stock Units entitles the reporting person to receive one-third of the number of Common shares indicated on December 31, 2005 and the remaining two-thirds of such shares on December 31, 2006.
Documents
Issuer
FOSTER WHEELER LTD
CIK 0001130385
Entity typeother
Related Parties
1- filerCIK 0001227287
Filing Metadata
- Form type
- 4
- Filed
- Sep 30, 8:00 PM ET
- Accepted
- Oct 1, 6:07 PM ET
- Size
- 9.7 KB