BARR WENDEL 4
4 · COVANCE INC · Filed Dec 15, 2010
Insider Transaction Report
Form 4
COVANCE INCCVD
BARR WENDEL
Executive Vice President & COO
Transactions
- Sale
Common Stock
2010-12-14$49.75/sh−31,300$1,557,175→ 53,762 total - Exercise/Conversion
Stock Option (Right to Buy)
2010-12-14−10,995→ 0 totalExercise: $22.95From: 2006-02-27Exp: 2013-02-26→ Common Stock (10,995 underlying) - Exercise/Conversion
Stock Option (Right to Buy)
2010-12-14−14,000→ 0 totalExercise: $29.69From: 2007-02-25Exp: 2014-02-24→ Common Stock (14,000 underlying) - Exercise/Conversion
Stock Option (Right to Buy)
2010-12-14−6,305→ 17,411 totalExercise: $39.80Exp: 2019-02-18→ Common Stock (6,305 underlying) - Exercise/Conversion
Common Stock
2010-12-14$22.95/sh+10,995$252,335→ 64,757 total - Exercise/Conversion
Common Stock
2010-12-14$29.69/sh+14,000$415,660→ 78,757 total - Exercise/Conversion
Common Stock
2010-12-14$39.80/sh+6,305$250,939→ 85,062 total
Holdings
- 2,213(indirect: By Trust)
Common Stock - 401(k) Plan
Footnotes (2)
- [F1]The securities reported were acquired on a periodic basis by the Trustee of the Covance 401(k) plan, a broad-based, tax-qualified employee benefit plan. The information was obtained from the Plan Administrator as of this date. The shares have been accumulated by the Trustee over the employment of the reporting person and the number is based upon the market value of the reporting person's account divided by the then current market price.
- [F2]The option vests in three equal annual installments with the first installment vesting one year from grant date.