LEWIS WILLIAM L 4
4 · TODD SHIPYARDS CORP · Filed Dec 29, 2010
Insider Transaction Report
Form 4
LEWIS WILLIAM L
Director
Transactions
- Purchase
Todd Shipyards Corp Common Stock
2010-12-27$22.53/sh+60$1,352→ 16,663 total
Holdings
- 2,000
Todd stock settled appreciation rights
Exercise: $16.98→ Common Stock (2,000 underlying) - 2,000
Todd stock settled appreciation rights
Exercise: $15.18→ Common Stock (2,000 underlying)
Footnotes (7)
- [F1]This transaction was effected through a dividend reinvestment option offered by the reporting person's broker. The Company does not offer a dividend reinvestment plan.
- [F2]Upon exercise of the SSARs, the holder is entitled to receive value equal to the number of rights being exercised times the then current fair market value reduced by $16.98, the fair market value on date of grant. Such value will be paid, net of withholding taxes, in shares of Todd Common Stock.
- [F3]One-third of the 2,000 SSARs vest each year on August 21 commencing in 2010 (through 2012).
- [F4]Upon certain termination events, but no later than August 21, 2014.
- [F5]Upon exercise of the SSARs, the holder is entitled to receive value equal to the number of rights being exercised times the then current fair market value reduced by $15.18, the fair market value on date of grant. Such value will be paid, net of withholding taxes, in shares of Todd Common Stock.
- [F6]One-third of the 2,000 SSARs vest each year on August 20 commencing in 2011 (through 2013).
- [F7]Upon certain termination events, but no later than August 20, 2015.