WALTER INDUSTRIES INC /NEW/ 4
4 · WALTER INDUSTRIES INC /NEW/ · Filed Feb 2, 2007
Insider Transaction Report
Form 4
WILLIAMS LARRY E
Senior Vice President
Transactions
- Award
Non-qualified stock option
2007-01-31+5,392→ 5,392 totalExercise: $28.12Exp: 2017-01-31→ Common Stock (5,392 underlying) - Award
Common Stock
2007-01-31+5,288→ 42,131.62 total
Footnotes (4)
- [F1]Award of Restricted Stock Units which vest in 3 years, subject to continued employment.
- [F2]Includes shares held by Reporting Person under Employee Stock Purchase Plan.
- [F3]Reflects an anti-dilution adjustment to previously granted equity awards under the Company's long term incentive plans in connection with the spin-off of Mueller Water Products, Inc. The equity award adjustment was effected by multiplying the number of outstanding shares underlying the equity awards by 1.9426. This adjustment ratio was obtained by dividing the closing price of the Issuer's common stock in the "regular way" market on December 14, 2006 ($49.05) by the "ex-dividend" opening price of the Issuer's common stock on the New York Stock Exchange on December 15, 2006 ($25.25).
- [F4]Options vest in 3 equal annual installments beginning 1/31/2008.