4//SEC Filing
FITZGERALD RICHARD W 4
Accession 0001181431-06-038485
CIK 0001057693other
Filed
Jun 25, 8:00 PM ET
Accepted
Jun 26, 5:05 PM ET
Size
8.5 KB
Accession
0001181431-06-038485
Insider Transaction Report
Form 4
FITZGERALD RICHARD W
Senior VP & CFO
Transactions
- Award
Stock Option - Right to Buy
2006-06-22+7,644→ 7,644 totalExercise: $37.78Exp: 2016-06-22→ Common stock (7,644 underlying) - Award
Common stock - restricted stock
2006-06-22$37.78/sh+4,333$163,722→ 14,040 total
Footnotes (3)
- [F1]Restrictions on this grant of restricted stock lapse (a) as to all of the Shares on August 15, 2009, provided that that the Company has achieved an earnings per share of at least $2.25 calculated on a trailing twelve months basis as of the last day of a quarter, for three consecutive quarters; provided further 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 incentive 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 on or before August 15, 2009.
- [F2]Direct ownership includes an aggregate of 14,040 shares of restricted stock subject to performance-based restrictions and potential forfeiture, including the shares reported in this transaction.
- [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 22, 2007.
Documents
Issuer
NATCO GROUP INC
CIK 0001057693
Entity typeother
Related Parties
1- filerCIK 0001251939
Filing Metadata
- Form type
- 4
- Filed
- Jun 25, 8:00 PM ET
- Accepted
- Jun 26, 5:05 PM ET
- Size
- 8.5 KB