NORTH CHRIS D 4
4 · HYDRIL CO · Filed Jun 5, 2006
Insider Transaction Report
Form 4
HYDRIL COHYDL
NORTH CHRIS D
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2006-06-01$75.20/sh−286$21,507→ 2,619 total - Exercise/Conversion
Restricted Stock Units
2006-06-01−1,080→ 720 totalFrom: 2006-06-01→ Common Stock (1,080 underlying) - Exercise/Conversion
Common Stock
2006-06-01+1,080→ 2,905 total - Award
Restricted Stock Units
2006-06-01+2,650→ 2,650 total→ Common Stock (2,650 underlying)
Footnotes (2)
- [F1]No common stock will be issued until the restricted stock units vest and are automatically converted to common stock on a one-for-one basis as follows: 60% on June 1, 2009, 20% on June 1, 2010 and 20% on June 1, 2011.
- [F2]The reporting person was granted 1,800 restricted stock units on June 1, 2003, which vest as follows: 60% on June 1, 2006, 20% on June 1, 2007 and 20% on June 1, 2008. The restricted stock units settle automatically in shares of common stock on a one-for-one basis upon vesting.