GIORDANO THOMAS R 4
4 · WATSON PHARMACEUTICALS INC · Filed Dec 12, 2006
Insider Transaction Report
Form 4
GIORDANO THOMAS R
Sr VP and CIO
Transactions
- Award
Stock Options to Purchase Common Stock
2006-12-11+22,500→ 22,500 totalExercise: $25.62Exp: 2016-12-11→ Common Stock, par value $0.0033 (22,500 underlying) - Award
Common Stock (Restricted)
2006-12-11+7,500→ 7,500 total
Footnotes (3)
- [F1]These restricted shares of common stock, par value $0.0033, were issued pursuant to the provisions of the Amendment and Restatement of the 2001 Incentive Award Plan of Watson Pharmaceuticals, Inc. (including, but not limited to, restrictions on transferability and certain forfeiture provisions concerning unvested restricted shares). The restricted shares vest (i) fifty percent on the second anniversary of the date of grant, and (ii) fifty percent on the fourth anniversary of the date of grant.
- [F2]The options are to be incentive stock options to the extent permitted by law, and thereafter to be non-statutory stock options.
- [F3]These stock options shall become exercisable in four equal annual installments commencing on December 11, 2007.