deRegt Kenneth Michael 4
4 · KKR Financial Corp · Filed Oct 13, 2006
Insider Transaction Report
Form 4
deRegt Kenneth Michael
Director
Transactions
- Award
Phantom Stock
2006-10-13$23.45/sh+735.4$17,245→ 1,235.64 total→ Common Stock (735.4 underlying)
Footnotes (1)
- [F1]Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash or common stock, at the election of the Company, upon the earlier of (i) the first day of January following the reporting person's termination of service as a director or (ii) an election date pre-selected by the reporting person, and in any event in cash or common stock, at the election of the reporting person, upon the occurrence of a change in control of the Company.