KATZAKIS NICHOLAS 4
4 · FERRO CORP · Filed Feb 27, 2009
Insider Transaction Report
Form 4
FERRO CORPFOE
KATZAKIS NICHOLAS
Other
Transactions
- Award
Common Stock - Restricted Shares
2009-02-25+1,300→ 1,300 total - Award
Stock Options (Right to Buy)
2009-02-25+4,000→ 4,000 totalExercise: $1.37From: 2010-02-25Exp: 2019-02-25→ Common Stock (4,000 underlying)
Holdings
- 1,300
Common Stock - Restricted
- 4,000
Stock Options (Right to Buy)
Exercise: $21.59From: 2008-04-09Exp: 2017-04-09→ Common Stock (4,000 underlying) - 247.18
Phantom Shares
→ Common Stock (247.18 underlying) - 4,000
Stock Options (Right to Buy)
Exercise: $17.26From: 2009-02-28Exp: 2018-02-28→ Common Stock (4,000 underlying)
Footnotes (4)
- [F1]Restricted shares of common stock granted under the Company's Long-Term Incentive Plan. The restricted shares vest on the third anniversary of the date of grant.
- [F2]Restricted shares of common stock granted under the Performance Share Plan. Restrictions expire based upon degree of achievement of performance goal. At the end of the performance period, 50% of shares awarded vest free of restrictions, and 50% of such shares will be exchanged for cash. If the amount awarded is less than 100% of the restricted shares, the balance of such shares are forfeited to the Company.
- [F3]Stock Option Grant. The options expire after ten years. Vesting of the options occurs over a four year period, with 25% of the grant vesting at the end of each of the four years.
- [F4]Represent phantom shares awarded under the Company's Supplemental Defined Contribution Plan for Executive Employees.