PRICESMART INC 4
4 · PRICESMART INC · Filed Jun 15, 2005
Insider Transaction Report
Form 4
PRICESMART INCPSMT
CAHILL JAMES
Director
Transactions
- Sale
Common Stock
2005-05-13−7,088,369→ 0 total(indirect: By LLC)
Holdings
- 1,000
Common Stock Option
Exercise: $39.00Exp: 2010-01-19→ Common Stock (1,000 underlying) - 3,000
Common Stock Option
Exercise: $40.88Exp: 2009-11-22→ Common Stock (3,000 underlying) - 3,875
Common Stock
Footnotes (9)
- [F1]The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest (if any) therein.
- [F2]Exercisable immediately.
- [F3]These options vest 25% annually beginning on the first anniversary (01/19/2001) of the date of grant (01/19/2000).
- [F4]These options vest 25% annually beginning on the first anniversary (01/24/2002) of the date of grant (01/24/2001).
- [F5]These options vest 25% annually beginning on the first anniversary (01/17/2003) of the date of grant (01/17/2002).
- [F6]These options vest 25% annually beginning on the first anniversary (01/22/2004) of the date of grant (01/22/2003).
- [F7]These options vest 20% annually beginning on the first anniversary (01/08/2005) of the date of grant (01/08/2004).
- [F8]34% of these options vest on the first anniversary (02/25/2006) of the date of grant (02/25/2005). An additional 33% of these options vest on the second anniversary (02/25/2007) of the date of grant. The final 33% of these options vest on the third anniversary (02/25/2008) of the date of grant.
- [F9]The assets of The Price Group LLC ("Price Group") include 7,088,369 shares of the common stock of PriceSmart, Inc. On June 13, 2005, the reporting person sold all of his membership interests in the Price Group and ceased to be a member and manager of Price Group. As a result, the reporting person may no longer be deemed to beneficially own, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, any securities held by the Price Group.