XERIUM TECHNOLOGIES INC 4
4 · XERIUM TECHNOLOGIES INC · Filed May 18, 2005
Insider Transaction Report
Form 4
Milner J Douglas
President - Stowe Woodward
Transactions
- Disposition to Issuer
Common Stock
2005-05-16$11.25/sh−79,387$893,104→ 90,639 total - Award
Common Stock
2005-05-16+170,026→ 170,026 total
Footnotes (1)
- [F1]In connection with the Issuer's initial public offering, the Reporting Person and the Issuer entered into an Exchange and Redemption Agreement pursuant to which (a) immediately prior to the closing of the offering, the Issuer will issue 170,026 shares of common stock to the Reporting Person in exchange for his equity interests in Xerium S.A., the indirect parent of the Issuer prior to the offering and (b) immediately after the closing of the offering, the Issuer will redeem 79,387 shares of the Issuer's common stock from the Reporting Person.