Willes Mark H 4
4 · BLACK & DECKER CORP · Filed May 4, 2009
Insider Transaction Report
Form 4
Willes Mark H
Director
Transactions
- Award
Phantom Stock
2009-04-30$40.30/sh+6,004.963$242,000→ 7,014.495 total→ Common Stock (6,004.963 underlying)
Footnotes (2)
- [F1]The shares of Phantom Stock convert on a 1 for 1 basis.
- [F2]The referenced Phantom Stock was acquired pursuant to the deferred provisions of the Non-Employee Directors Stock Plan (the "Stock Plan") and will be settled in shares of Comon Stock under the terms of the Stock Plan upon the reporting person's termination as a director. The reporting pesron elected to acquire the Phantom Stock in lieu of cash and Common Stock otherwise payable by the Corporation to the reporting person.