VALASSIS COMMUNICATIONS INC 4
4 · VALASSIS COMMUNICATIONS INC · Filed Oct 4, 2005
Insider Transaction Report
Form 4
HOFFMAN BARRY P
DirectorEVP & General Counsel
Transactions
- Award
Employee Stock Option (Right to Buy)
2005-10-01$38.98/sh+56,250$2,192,625→ 56,250 totalExercise: $38.98Exp: 2012-10-01→ Common Stock (56,250 underlying)
Footnotes (2)
- [F1]This option becomes exercisable in increments of 33.3333%, 33.3333% and 33.3334% at such time that the closing sales price per common share is equal to or exceeds $43.98, $48.98 and $53.98, respectively; provided that such market price targets are achieved by October 1, 2008. In any event, however, the option vests by October 1, 2010.
- [F2]Represents number of derivative securities beneficially owned as of October 1, 2005.