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
- Purchase
Common Stock
2006-02-28$25.50/sh+912$23,256→ 205,814 total
Footnotes (4)
- [F1]Represents an award of restricted stock for a portion of Reporting Person's 2005 bonus. The Restricted Stock will be delivered to the Reporting Person (i) 50% on 01/01/2007, if Reporting Person is employed with Issuer as of 12/31/2006, and (ii) 50% on 01/01/2008, if Reporting Person is employed with Issuer on 12/31/2007. If Reporting Person is not employed with Issuer on the specified dates, the stock will be forfeited, unless otherwise provided by the Board of Directors of Issuer.
- [F2]Additionally, Reporting Person has been granted stock options in the amount of 972,491 shares of WCI common stock of which 746,806 are currently vested and exercisable.
- [F3]Reporting Person also reports indirect ownership of 800 shares held by Reporting Person's spouse. Reporting Person disclaims beneficial ownership of these shares.
- [F4]Amended Form 4 filed for purposes of correcting Amount of Securities Beneficially Owned reported in Column 5, Table I to include 92,069 shares covered under the Variable Prepaid Forward Agreement signed by Reporting Person on 03/11/2005, which Reporting Person beneficially owns and maintains voting power.