STARKEY JERRY L 4/A
4/A · WCI COMMUNITIES INC · Filed Mar 21, 2006
Insider Transaction Report
Form 4/AAmended
STARKEY JERRY L
DirectorCEO & President
Transactions
- OtherSwap
Put Option (right to sell)
2005-03-11+1→ 0 totalFrom: 2005-03-11Exp: 2007-03-11→ Common Stock (92,069 underlying)
Footnotes (2)
- [F1]On March 11, 2005, Reporting Person entered into a hedging arrangement termed a "Variable Prepaid Forward Agreement" (the "VPF") which became effective with a securities broker as of March 11, 2005, relating to 92,069 shares of the Issuer's Common Stock, $.01 par value per share (the "Shares"). The VPF is reflected in Table II as the acquisition of a put option. Following the scheduled maturity date of March 11, 2007, the number of shares deliverable upon exercise of the put may vary, reflecting a miniumum price of of 100% ($31.61/share) and a maximum price of 130% ($41.09/share), subject to further adjustment for dividends received, if any and other events.
- [F2]Amended Form 4 filed solely for purposes of correcting footnote with regard to the terms of the Variable Prepaid Forward Agreement ("VPF") of Reporting Person. No Shares were surrendered. Reporting person maintained voting control of the 92,069 shares of Issuer common stock which are the subject of the VPF.