OMI CORP/M I 4
4 · OMI CORP/M I · Filed May 29, 2007
Insider Transaction Report
Form 4
OMI CORP/M IOMM
SHAPIRO PHILIP J
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2007-05-25$25.32/sh−30,000$759,600→ 0 totalExercise: $3.93Exp: 2012-04-03→ Common Stock (30,000 underlying) - Disposition from Tender
Common Stock
2007-05-25$29.25/sh−51,722$1,512,869→ 0 total
Footnotes (2)
- [F1]Figure includes 39,960 restricted shares.
- [F2]This option was canceled pursuant to the terms of the Transaction Agreement among Teekay Shipping Corporation, A/S Dampskibsselskabet Torm, Omaha, Inc. and OMI Corporation in exchange for a cash payment representing the difference between the exercise price of the option and $29.25 per share.