4//SEC Filing
LABRANCHE & CO INC 4
Accession 0001179110-05-003707
CIK 0001089044operating
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 4:48 PM ET
Size
10.5 KB
Accession
0001179110-05-003707
Insider Transaction Report
Form 4
BURKE WILLIAM J III
Chief Operating Officer
Transactions
- Other
"LAB" Common Stock
2005-02-15−116,633→ 534,367 total - Other
"LAB" Common Stock
2005-02-15+3,000→ 537,367 total - Other
DECS issued by DECS Trust IX
2005-02-15−3,000→ 0 totalFrom: 2005-02-15Exp: 2005-02-15→ "LAB" Common Stock (3,000 underlying)
Holdings
- 59,800(indirect: By Trust)
"LAB" Common Stock
Footnotes (2)
- [F1]In February 2002, Reporting Person had entered into a prepaid forward contract with DECS Trust IX (the Trust) pursuant to which he deposited 116,633 shares of LAB Common Stock into the Trust for an aggregate of $24.24 per share. Concurrently therewith, the Trust publicly issued DECS securities, each of which entitled the holder to receive LAB Common Stock or cash upon termination of the Trust between February 15 and May 15, 2005, depending on the public trading price of LAB common stock at that time. Because the price of LAB Common Stock was less than $31.580 per share on February 15, 2005, the date the Trust terminated, each holder of a DECS was enititled to receive one share of LAB common stock, or the cash equivalent, for each DECS owned. Reporting Person, therefore, was required to deliver 116,633 shares of LAB Common Stock, or the cash equivalent, on February 15, 2005. Prior to February 15, 2005, Reporting Person continued to beneficially own these shares of LAB Common Stock.
- [F2]As a holder of 3,000 DECS securities, in accordance with the terms of the Trust, the Reporting Person received 3,000 shares of LAB Common Stock in exchange for his DECS Securities upon liquidiation of the Trust on February 15, 2005.
Documents
Issuer
LABRANCHE & CO INC
CIK 0001089044
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001089044
Filing Metadata
- Form type
- 4
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 4:48 PM ET
- Size
- 10.5 KB