PATRICK VICTOR P 4

Accession 0001179110-10-005021

CIK 0000837173other

View on SEC.gov Company Profile

Filed

Mar 10, 7:00 PM ET

Accepted

Mar 11, 4:57 PM ET

Size

21.2 KB

Accession

0001179110-10-005021

Insider Transaction Report

Form 4

Period: 2010-03-09

Walter Energy, Inc.WLT

PATRICK VICTOR P

DirectorCEO,CFO,Gen.Counsel

Transactions

Sale
Common stock
2010-03-09$86.45/sh−24,098$2,083,272→ 164,758.07 total
Exercise/Conversion
Common Stock
2010-03-09$25.24/sh+545$13,756→ 171,237.07 total
Exercise/Conversion
Common Stock
2010-03-09$47.97/sh+6,182$296,551→ 177,419.07 total
Exercise/Conversion
Non-qualified stock option
2010-03-09−545→ 0 total
Exercise: $25.24Exp: 2017-01-31→ Common Stock (545 underlying)
Exercise/Conversion
Common Stock
2010-03-09$30.77/sh+5,934$182,589→ 170,692.07 total
Exercise/Conversion
Common Stock
2010-03-09$15.83/sh+11,437$181,048→ 188,856.07 total
Exercise/Conversion
Non-qualifed stock option
2010-03-09−11,437→ 22,874 total
Exercise: $15.83Exp: 2019-02-27→ Common Stock (11,437 underlying)
Exercise/Conversion
Non-qualified stock option
2010-03-09−5,934→ 0 total
Exercise: $30.77Exp: 2016-02-22→ Common stock (5,934 underlying)
Exercise/Conversion
Non-qualified stock option
2010-03-09−6,182→ 3,091 total
Exercise: $47.97Exp: 2018-02-27→ Common Stock (6,182 underlying)

Footnotes (8)

[F1]Includes shares held by Reporting Person under Employee Stock Purchase Plan.
[F2]Represents the weighted average purchase price for price increments ranging from $86.35 to $86.70. 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.
[F3]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).
[F4]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.
[F5]Options vest in 3 equal annual installments beginning 2/22/07.
[F6]Options vest in 3 equal annual installments beginning 1/31/08.
[F7]Options vest in 3 equal annual installments beginning 2/27/09.
[F8]Options vest in 3 equal annual installments beginning 2/27/10.

Documents

1 file

4
edgar.xmlPrimary
FORM 4 -

Issuer

Walter Energy, Inc.

CIK 0000837173

→

Entity typeother

Related Parties

filerCIK 0001215703

Filing Metadata

Form type: 4
Filed: Mar 10, 7:00 PM ET
Accepted: Mar 11, 4:57 PM ET
Size: 21.2 KB

View on SEC.gov