PAYLESS SHOESOURCE INC /DE/ 4
4 · PAYLESS SHOESOURCE INC /DE/ · Filed Jun 2, 2005
Insider Transaction Report
Form 4
PORZIG ULLRICH E
Senior Vice President
Transactions
- Award
Employee Stock Option
2005-05-31+34,000→ 34,000 totalExercise: $16.86Exp: 2012-05-31→ Common Stock (34,000 underlying) - Award
Common Stock
2005-05-31+2,000→ 72,435 total(indirect: By Trust)
Holdings
- 10,590
Common Stock
Footnotes (2)
- [F1]The reporting person holds 65,953 shares indirectly in a trust account and approximately 6,482 indirectly under the Payless ShoeSource, Inc. 401(k) Plan (the "Plan") based on a statement provided by the Plan Administrator. Because the Common Stock Fund under the Plan holds both cash and Payless Common Stock, the actual number of shares allocable to each participant's accounts varies from statement to statement.
- [F2]Grant of an option to buy 34,000 shares of common stock under the Payless ShoeSource, Inc. 1996 Stock Incentive Plan which provides for tax withholding rights in a transaction exempt under Rule 16b-3. The option vests in three equal installments over a three-year period on May 31st of each year following the date of the grant.