MELVIN JOSEPH M 4
4 · FINLAY ENTERPRISES INC /DE · Filed Apr 27, 2004
Insider Transaction Report
Form 4
MELVIN JOSEPH M
EVP & COO
Transactions
- Award
Phantom Stock Unites
2004-04-23$18.71/sh+3,475$65,004→ 3,475 totalExercise: $0.00→ Common Stock (3,475 underlying) - Award
Common Stock, $0.01 par value
2004-04-23+5,000→ 11,000 total
Footnotes (5)
- [F1]Provided the Reporting Person is at such time employed by the Issuer, the Issuer shall issue 5,000 shares to the Reporting Person on April 30, 2006 (or an earlier vesting date under certain circumstances) under the Issuer's 1997 Long Term Incentive Plan, as amended.
- [F2]Includes 5,000 shares to be issued to the Reporting Person on September 30, 2007 (or an earlier vesting date under certain circumstances) provided the Reporting Person is at such time employed by the Issuer.
- [F3]Phantom stock units were credited to an account for the Reporting Person under the Issuer's Executive Deferred Compensation and Stock Purchase Plan approved by stockholders in June 2003 (the "Executive Plan") in connection with the deferral of a portion of the Reporting Person's bonus. These units are fully vested at all times. Generally, in accordance with the Executive Plan, the Reporting Person will receive one share of Common Stock for each such unit as soon as practicable following the earlier of: (i) termination of his employment or (ii) the expiration of the three year deferral period elected by the Reporting Person (as such period may be amended).
- [F4]Phantom stock units were credited to an account for the Reporting Person, through matching by the Issuer, under the Executive Plan. These matching units will generally vest on the third anniversary of the transaction date. Generally, for each matching unit, the Reporting Person will receive one share of Common Stock as soon as practicable following the earlier of: (i) termination of his employment or (ii) the expiration of the deferral period.
- [F5]Each phantom stock unit converts to common stock on a one-for-one basis.