TOCCI ROBERT S 4
4 · WORLD FUEL SERVICES CORP · Filed Aug 17, 2004
Insider Transaction Report
Form 4
TOCCI ROBERT S
CFO & EVP
Transactions
- Award
Common Stock
2004-08-13$37.01/sh+5,000$185,050→ 15,000 total
Footnotes (1)
- [F1]The 5,000 shares are granted to the reporting person by the issuer as restricted shares in taccordance with the issuer's 2001 Omnibus Plan. The number shown is the closing price of the stock on the date preceding the issuance date and was not paid by the reporting person. 50% of hese shares will vest on July 26, 2007 if reporting person is then employed by the issuer and the issuer achieves a compound average annual growth ("CAGR") in earnings per share of at least 11.5% during the three-year period commencing January 1, 2004. The remaining 50% will vest on July 26, 2007 if reporting person is then employed by the issuer and the issuer achieves a CAGR of at least 15% over the three-year period. If during the three-year period CAGR is 11.5% or higher but less than 15%, the reporting person shall receive a pro-rated portion of the remaining 50%.