CHANNELL COMMERCIAL CORP 4
4 · CHANNELL COMMERCIAL CORP · Filed Sep 26, 2003
Insider Transaction Report
Form 4
CHANNELL WILLIAM H
DirectorChairman of the Board / CEO10% Owner
Transactions
- Award
Employee Stock Option (right to buy)
2003-09-24+1,000→ 1,000 totalExercise: $4.84Exp: 2013-09-24→ Common Stock (1,000 underlying)
Footnotes (2)
- [F1]The option provided for vesting in three equal annual installments beginning on May 20, 2003.
- [F2]In connection with the Issuer's option exchange program filed as a Schedule TO on February 21, 2003, on March 20, 2003 the Reporting Person tendered for cancellation all options granted to the Reporting Person. Each of the options reported on this Form 4 was granted pursuant to the Issuer's option exchange program. Pursuant to the terms of the Issuer's option exchange program, the "new" option vests to the same extent that the "old" option would have vested had it not been cancelled, and the unvested portion of the "new" option vests on the schedule applicable to the "old" option as though the "old" option had not been cancelled.