CHU MICHAEL 4
4 · SEALED AIR CORP/DE · Filed Jun 21, 2005
Insider Transaction Report
Form 4
CHU MICHAEL
Director
Transactions
- Exercise/Conversion
Stock Units
2005-06-21+581→ 1,190 total→ Common Stock (581 underlying) - Exercise/Conversion
Award of Stock Units (Right to Buy)
2005-06-21−581→ 0 totalExercise: $0.10From: 2005-05-20Exp: 2005-06-24→ Common Stock (581 underlying)
Holdings
- 2,301
Common Stock
Footnotes (3)
- [F1]Award made under 2002 Stock Plan for Non-Employee Directors of Sealed Air Corporation. The Reporting person has elected to defer receipt of the retainer payable in shares of common stock of Sealed Air Corporation ("Common Stock") under Sealed Air Corporation's Deferred Compensation Plan for Directors. The number of stock units is based on a Common Stock price of $51.70 per share.
- [F2]1-for-1
- [F3]The units are to be settled in shares of Common Stock (with certain exceptions specified in the Corporation's Deferred Compensation Plan for Directors) following the reporting person's retirement from the Board of Directors.