CLARK KIM B 4
4 · BLACK & DECKER CORP · Filed Mar 16, 2010
Insider Transaction Report
Form 4
CLARK KIM B
Director
Transactions
- Disposition to Issuer
Common Stock
2010-03-12−2,498→ 0 total - Disposition to Issuer
Phantom Stock
2010-03-12−2,757.604→ 0 totalFrom: 2010-03-12Exp: 2010-03-12→ Common Stock (2,757.604 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to merger agreement between The Black & Decker Corporation and The Stanley Works in exchange for 3,184 shares of Stanley Black & Decker, Inc. (SWK) common stock, having a market value of $57.86 per share on the effective date of the merger.
- [F2]The shares of Phantom stock convert to Common shares on a 1 for 1 basis.
- [F3]The referenced Phantom Stock was acquired pursuant to the deferred compensation provisions of the Non-Employee Directors Stock Plan (?Stock Plan?) and is settled in shares of Common Stock under the terms of the Stock Plan. The Phantom Stock is disposed of pursuant to the merger agreement between The Black & Decker Corporation and The Stanley Works in exchange for 3,515 shares of Stanley Black & Decker, Inc. (SWK) common stock, having a market value of $57.86 per share on the effective date of the merger.