Murray Marti P 4
4 · CALIFORNIA COASTAL COMMUNITIES INC · Filed Jan 6, 2009
Insider Transaction Report
Form 4
Murray Marti P
Director
Transactions
- Award
Common Stock - $.05 par value
2009-01-02$0.56/sh+35,714$20,000→ 455,430 total
Footnotes (3)
- [F1]These are restricted shares that were issued under the Director Fee Program of the Amended and Restated 1993 Stock Option/Stock Issuance Plan at the election of Ms. Murray. The shares vest in 25% increments at the end of each quarter during 2009. Upon vesting, Ms. Murray intends to transfer these shares to certain investment advisory clients of Babson Capital Management LLC, ("BCM") a registered investment adviser, for no consideration. The Reporting Person disclaims beneficial ownership of the 35,714 shares except to the extent of her pecuniary interest therein.
- [F2]Includes 39,229 restricted shares issued to Ms. Murray under the Director Fee Program and 416,201 shares held by Babson Capital Management LLC, ("BCM") a registered investment adviser. Ms. Murray has sole voting and dispositive power with respect to, and therefore may be deemed to beneficially own, the 455,430 shares of common stock held by the investment advisory clients of BCM. The Reporting Person disclaims beneficial ownership of the 455,430 shares except to the extent of her pecuniary interest therein.
- [F3]Includes 39,229 restricted shares issued to Ms. Murray under the Director Fee Program and 416,201 shares held by Babson Capital Management LLC, ("BCM") a registered investment adviser. Ms. Murray has sole voting and dispositive power with respect to, and therefore may be deemed to beneficially own, the 455,430 shares of common stock held by the investment advisory clients of BCM. Upon vesting, Ms. Murray intends to transfer the restricted shares to certain investment advisory clients of BCM for no consideration. The Reporting Person disclaims beneficial ownership of the 455,430 shares except to the extent of her pecuniary interest therein.