AVERY WARREN 4
4 · GRANT PRIDECO INC · Filed Jul 1, 2005
Insider Transaction Report
Form 4
AVERY WARREN
VP Human Resources
Transactions
- Award
Phantom Stock Units
2005-06-30$26.16/sh+146.539$3,833→ 20,515.337 total→ Common Stock (146.539 underlying)
Footnotes (1)
- [F1]Represents units credited to the participants account pursuant to the terms of the Companys Executive Deferred Compensation Plan. All phantom stock units credited under the Plan with respect to deferrals of compensation by participants are 100% vested at all times. All units credited under the Plan with respect to the Company's 7.5% allocation and matching allocation vest at 20% per year for each year of service with the Company. Distributions under the Plan are made upon termination of employment, retirement or death of the participant. Units are allocated at month-end based upon the fair market value of the common stock at month end.