WORLD FUEL SERVICES CORP 4
4 · WORLD FUEL SERVICES CORP · Filed May 18, 2005
Insider Transaction Report
Form 4
TOCCI ROBERT S
CFO & EVP
Transactions
- Award
Common Stock
2005-05-16+10,365→ 33,075 total
Footnotes (3)
- [F1]On May 10, 2005 the issuer's Governance Committee approved the grant of SARs and/or restricted stock to the reporting person, who could elect to receive SARs or restricted stock or a combination of the two. On May 16, 2005, the reporting person elected to receive the grant of restricted stock reported herein.
- [F2]These restricted shares will be earned if the issuer achieves certain net income targets for the last three quarters of 2005. The amount shown is the highest possible award; lower amounts may be earned if the highest net income target is not achieved. If earned, the restricted shares will vest in three equal installments over a three-year period, commencing January 1, 2006.
- [F3]These restricted stock were granted to the reporting person, without payment therefor, as compensation for serving as an executive officer of the issuer.