Grandin Michael A 4
4 · IPSCO INC · Filed Jan 3, 2007
Insider Transaction Report
Form 4
IPSCO INCIPS
Grandin Michael A
Director
Transactions
- Award
Deferred Share Units
2007-01-02+52.383→ 3,715.539 totalExercise: $0.00→ Common Shares (52.383 underlying)
Footnotes (3)
- [F1]Deferred Share Units (DSU's) are payable by way of common shares or cash at the time a Director retires from the Board.
- [F2]There is no expiration date for DSU's.
- [F3]DSU's are valued with reference to the trading price of common shares at the time of payment as set forth in Note 1 above.