SCHULLER ROBERT W. 4
4 · AMERICAN ITALIAN PASTA CO · Filed Apr 19, 2010
Insider Transaction Report
Form 4
Schuller Robert
EVP & General Counsel
Transactions
- Disposition to Issuer
Class A Common Stock, par value $.001 per share
2010-04-15$40.08/sh−590$23,647→ 38,106 total - Sale
Class A Common Stock, par value $.001 per share
2010-04-16$39.80/sh−2,575$102,497→ 35,531 total - Exercise/Conversion
Stock Appreciation Right
2010-04-15−3,165→ 13,719 totalExercise: $7.47Exp: 2013-10-25→ Class A Common Stock (3,165 underlying) - Exercise/Conversion
Class A Common Stock, par value $.001 per share
2010-04-15$7.47/sh+3,165$23,643→ 38,696 total
Footnotes (3)
- [F1]Exercise of a Stock Appreciation Right ("SAR") for stock is treated as a purchase of all of the shares underlying the SAR that were exercised, at the price set forth in the SAR and simultaneous sale back to American Italian Pasta Co. ("AIPC") of a number of the underlying shares having a value based on the market price of AIPC's stock on the date of exercise, equal to the exercise price. Only the net shares (representing the value of the appreciation) are issued.
- [F2]Sale of stock on the open market of the number of shares acquired by Mr. Schuller following the exercise of the SAR described above. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 3, 2010.
- [F3]The SARs were granted to Mr. Schuller on October 25, 2006. The SAR vests 50% ratably over four years with the first anniversary date of June 5, 2007 for vesting purposes and 50% vests at the end of four years, which is June 5, 2010.