4//SEC Filing
PATRICK VICTOR P 4
Accession 0001179110-09-016817
CIK 0000837173other
Filed
Dec 10, 7:00 PM ET
Accepted
Dec 11, 5:10 PM ET
Size
13.9 KB
Accession
0001179110-09-016817
Insider Transaction Report
Form 4
PATRICK VICTOR P
DirectorCEO,CFO,Gen.Counsel
Transactions
- Gift
Common Stock
2009-12-10−2,875→ 168,371.6 total - Exercise/Conversion
Common Stock
2009-12-10$22.68/sh+25,000$567,000→ 218,371.6 total - Sale
Common Stock
2009-12-10$70.30/sh−25,000$1,757,500→ 193,371.6 total - Sale
Common stock
2009-12-10$70.27/sh−22,125$1,554,724→ 171,246.6 total - Exercise/Conversion
Non-qualified stock option
2009-12-10−25,000→ 83,246 totalExercise: $22.68Exp: 2016-08-04→ Common stock (25,000 underlying)
Footnotes (7)
- [F1]In connection with the spin-off of Mueller Water Products, Inc. on December 14, 2006 and under the anti-dilution provisions of the Company's 2002 Long-Term Incentive Award Plan, these options were modified on December 15, 2006 to preserve the intrinsic value of the awards. The number of shares of the modified awards was determined by multiplying the number of outstanding shares underlying the equity awards by 1.9426 and by dividing the stock option exercise price by the same adjustment ratio. This adjustment ratio was obtained by dividing the closing price of the Company's Common Stock in the "regular way" market on December 14, 2006 ($49.05) by the "ex-dividend" opening price of the Company's Common Stock on the New York Stock Exchange on December 15, 2006 ($25.25).
- [F2]Under the anti-dilution provisions of the Company's 2002 Long-Term Incentive Award Plan and in connection with the spin-off of Walter Investment Management Corp. on April 17, 2009, the number of non-qualified stock options held by the Reporting Person was adjusted to preserve the intrinsic value of the awards. The number of shares of the modified awards was determined by multiplying the number of outstanding shares underlying the equity awards by 1.11445 and by dividing the stock option exercise price by the same adjustment ratio.
- [F3]Options vest in 3 equal annual installments beginning 8/4/07.
- [F4]Represents the weighted average purchase price for price increments ranging from $70.25 to $70.39. The Reporting Person will undertake to provide, upon request by the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- [F5]Includes shares held by Reporting Person under Employee Stock Purchase Plan.
- [F6]Represents the weighted average purchase price for price increments ranging from $70.25 to $70.39. The Reporting Person will undertake to provide, upon request by the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- [F7]Shares were disposed of by gift.
Documents
Issuer
Walter Energy, Inc.
CIK 0000837173
Entity typeother
Related Parties
1- filerCIK 0001215703
Filing Metadata
- Form type
- 4
- Filed
- Dec 10, 7:00 PM ET
- Accepted
- Dec 11, 5:10 PM ET
- Size
- 13.9 KB