WARD LEW O 4
4 · HYDRIL CO · Filed Jun 5, 2006
Insider Transaction Report
Form 4
HYDRIL COHYDL
WARD LEW O
Director
Transactions
- Award
Deferred Share Units
2006-06-01+2,000→ 2,000 total→ Common Stock (2,000 underlying)
Footnotes (1)
- [F1]The deferred share units vest and become payable in full on 06/01/09 or upon the reporting person's death, if earlier, if the reporting person remains a member of the Company's Board of Directors. Upon vesting, the deferred share units are settled in cash at the fair market value of the common stock on a one-for-one basis.