BOUDREAU THOMAS M 4
4 · EXPRESS SCRIPTS INC · Filed Apr 3, 2009
Insider Transaction Report
Form 4
BOUDREAU THOMAS M
EVP, Law & Strategy
Transactions
- Disposition to Issuer
Common Stock
2009-04-01−6,826→ 62,753 total - Disposition to Issuer
Stock Appreciation Right
2009-04-01−46,608→ 0 totalExercise: $39.33Exp: 2014-02-22→ Express Scripts, Inc. Common Stock (46,608 underlying) - Award
Common Stock
2009-04-01+3,527→ 66,280 total - Award
Stock Appreciation Right
2009-04-01+39,099→ 39,099 totalExercise: $39.33Exp: 2013-01-01→ Express Scripts, Inc. Common Stock (39,099 underlying)
Holdings
- 50(indirect: By Spouse)
Common Stock
Footnotes (3)
- [F1]Forfeiture of unvested Restricted Stock awards upon retirement.
- [F2]Grant of Restricted Stock Units pursuant to Express Scripts, Inc. 2000 Long-Term Incentive Plan. Restrictions lapse for 2,516 units on February 22, 2010 and for 1,011 units on February 22, 2011.
- [F3]The two reported transactions involved an amendment of an outstanding stock appreciation right in connection with Mr. Boudreau's early retirement, resulting in the deemed cancellation of the "old" stock appreciation right and the grant of a replacement stock appreciation right. The stock appreciation right was originally granted on February 22, 2007, and vested in three equal annual installments. Under the amendment, a pro rated portion of the unvested stock appreciation rights (8,027 stock appreciation rights) will continue to vest in accordance with its terms as if Mr. Boudreau were still employed by the Company and will vest on February 22, 2010, while the remaining unvested stock appreciation rights (7,509 stock appreciation rights) were forfeited. The stock appreciation rights will remain exercisable until January 1, 2013.