COVANCE INC 4
4 · COVANCE INC · Filed May 21, 2009
Insider Transaction Report
Form 4
COVANCE INCCVD
Bang Kathleen G
Director
Transactions
- Disposition to Issuer
Common Stock
2009-05-20$39.98/sh−1,200$47,976→ 2,000 total - Exercise/Conversion
Phantom Stock Units (DRUP) - 2006 Award
2009-05-20−1,200→ 0 total→ Common Stock (1,200 underlying) - Exercise/Conversion
Common Stock
2009-05-20+1,200→ 3,200 total - Award
Phantom Stock Units (DRUP) - 2009 Award
2009-05-20+2,000→ 2,000 total→ Common Stock (2,000 underlying)
Footnotes (2)
- [F1]Phantom Stock Units were granted to said Director under the Company's Restricted Unit Plan for Non-Employee Directors and are payable in cash on a date determined in accordance with the Plan.
- [F2]The Phantom Stock Units were granted to said Director under the Company's Restricted Unit Plan for Non-Employee Directors and were paid in cash on the transaction date in accordance with the plan.