HOGG WILLIAM F JR 4
4 · VALASSIS COMMUNICATIONS INC · Filed Jan 3, 2007
Insider Transaction Report
Form 4
HOGG WILLIAM F JR
EVP Manufacturing
Transactions
- Award
Employee Stock Option (Right to Buy)
2007-01-01$14.50/sh+25,000$362,500→ 25,000 totalExercise: $14.50Exp: 2014-01-01→ Common Stock (25,000 underlying) - Award
Common Stock
2007-01-01+2,250→ 14,380 total
Holdings
- 3,737(indirect: By Valassis Employee Retirement Savings Plan)
Common Stock
Footnotes (3)
- [F1]Award granted pursuant to Company's Executive Restricted Stock Plan.
- [F2]Represents number of securities beneficially owned as of January 3, 2007.
- [F3]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 $19.50, $24.50 and $29.50, respectively; provided that such market price targets are achieved by January 1, 2010. In any event, however, the option vests by January 1, 2012.