Lehmann Michael J. 4
4 · COVANCE INC · Filed Feb 22, 2011
Insider Transaction Report
Form 4
COVANCE INCCVD
Lehmann Michael J.
Corp. Sr. Vice President
Transactions
- Award
Common Stock
2011-02-17+3,238→ 14,722 total - Disposition to Issuer
Common Stock
2011-02-17−614→ 14,108 total - Tax Payment
Common Stock
2011-02-17$58.37/sh−73$4,261→ 14,035 total - Award
Stock Option (Right to Buy)
2011-02-17+8,700→ 8,700 totalExercise: $58.37Exp: 2021-02-16→ Common Stock (8,700 underlying)
Holdings
- 547(indirect: By Trust)
Common Stock - 401(k) Plan
Footnotes (3)
- [F1]Shares forfeited in accordance with the terms of the applicable restricted stock agreement.
- [F2]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.
- [F3]The option vests in three equal annual installments with the first installment vesting one year from grant date.