CASEY TIMOTHY J 4
4 · KIRBY CORP · Filed Jul 6, 2011
Insider Transaction Report
Form 4
KIRBY CORPKEX
CASEY TIMOTHY J
Pres, K-Sea Trans Partners, LP
Transactions
- Award
Common Stock, par value $.10 per share
2011-07-01+3,491→ 3,491 total - Award
Common Stock, par value $.10 per share
2011-07-01+1,716→ 5,207 total - Award
Employee Stock Option (Right to Buy)
2011-07-01$58.28/sh+2,452$142,903→ 2,452 totalExercise: $58.28From: 2014-07-01Exp: 2018-07-01→ Common Stock (2,452 underlying)
Footnotes (3)
- [F1]In connection with the merger of K-Sea Transportation Partners L.P. ("K-Sea") with a subsidiary of Kirby Corporation ("Kirby"), Mr. Casey exchanged 47,563 K-Sea common units for consideration consisting of $4.075 in cash and .0734 of a share of Kirby common stock for each K-Sea common unit. On the effective date of the merger, the closing price of K-Sea Common units was $8.14 per unit and the closing price of Kirby common stock was $58.28 per share.
- [F2]Restricted Stock awarded under the 2005 Stock and Incentive Plan for Kirby Corporation.
- [F3]Option is exercisable 33% after one year, 67% after two years and 100% after three years from date of grant.