4//SEC Filing
NATCO GROUP INC 4
Accession 0001181431-05-034659
CIK 0001057693operating
Filed
Jun 14, 8:00 PM ET
Accepted
Jun 15, 12:49 PM ET
Size
8.8 KB
Accession
0001181431-05-034659
Insider Transaction Report
Form 4
MCCARTHY PATRICK M
DirectorDirector, President & COO
Transactions
- Award
Common stock - restricted stock
2005-06-13$11.43/sh+6,650$76,010→ 111,872 total - Award
Stock Option - Right to Buy
2005-06-13+12,432→ 12,432 totalExercise: $11.43Exp: 2015-06-13→ Common stock (12,432 underlying)
Footnotes (3)
- [F1]Direct ownership includes 10,556 shares purchased through a participant-directed defined contribution employee benefit plan. Direct ownership also includes an aggregate of 17,900 shares of restricted stock subject to performance-based restrictions, including the shares reported in this transaction.
- [F2]Restrictions on this grant of restricted stock lapse (a) as to all of the Shares on the date that the Company has achieved an earnings per share of at least $1.10 calculated on a trailing twelve months basis as of the last day of a quarter, for three consecutive quarters; provided that (i) earnings per share may be normalized in certain circumstances and (ii) the recipient has continuously served as an employee from the date of the award until such date or, (b) if earlier, pursuant to the applicable plan or upon occurrence of a Corporate Change as defined in such plan, provided, in either case, that the employee has been continuously employed by the Company or a subsidiary on such date or the date of such Corporate Change. The shares are subject to forfeiture upon termination of employment prior to the time the restrictions lapse or if the performance restrictions are not met with respect to or prior to the quarter ending June 30, 2008.
- [F3]Stock options vest in 1/3 increments on the first, second and third anniversaries of the date of grant, subject to continued employment by the Company or a subsidiary on the applicable date. The first third will vest on June 13, 2006.
Documents
Issuer
NATCO GROUP INC
CIK 0001057693
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001057693
Filing Metadata
- Form type
- 4
- Filed
- Jun 14, 8:00 PM ET
- Accepted
- Jun 15, 12:49 PM ET
- Size
- 8.8 KB