GRANT PRIDECO INC 4
4 · GRANT PRIDECO INC · Filed Feb 4, 2008
Insider Transaction Report
Form 4
HENDRIX DENNIS R
Director
Transactions
- Award
Phantom Stock Units
2008-01-31$52.66/sh+7.477$394→ 2,102.202 total→ Common Stock (7.477 underlying)
Footnotes (1)
- [F1]Represents units credited to the participants account pursuant to the terms of the Companys Non-Employee Director 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.