Tim Hortons Inc. 4
4 · Tim Hortons Inc. · Filed May 10, 2007
Insider Transaction Report
Form 4
Lees David H
Director
Transactions
- Tax Payment
Common Stock
2007-05-08$31.58/sh−219.82$6,942→ 7,527.93 total - Award
Deferred Share Units
2007-05-08+429.923→ 1,111.156 total→ Common Stock (429.923 underlying) - Award
Deferred Share Units
2007-05-08$31.58/sh+451.419$14,256→ 681.233 total→ Common Stock (451.419 underlying)
Footnotes (5)
- [F1]Includes an administrative adjustment that reflects the commencement of fractional interest tracking of restricted stock units. Fractional restricted stock units are ultimately settled in cash.
- [F2]Each Deferred Share Unit (DSU) is the economic equivalent of a share of common stock of the issuer. These DSUs are Elective DSUs issued under the issuer's Non-Employee Director Deferred Stock Unit Plan. The DSUs will be settled in cash upon the director's termination of service as a director, with no continuing employment relationship with the issuer.
- [F3]The number of Elective DSUs allocated to a reporting person is based on the mean of the high and low prices of the issuer's common stock on the Toronto Stock Exchange on the transaction date (C$34.89). The U.S. price reported represents the approximate equivalent of C$34.89, as converted into U.S. dollars on the transaction date using the noon buying rate in New York for cable transfers payable in foreign currency, as certified for customs purposes by the Federal Reserve Bank of New York. The same exchange rate was used to determine the price in Table I.
- [F4]Each Deferred Share Unit (DSU) is the economic equivalent of a share of common stock of the issuer. These DSUs are Formula DSUs issued under the issuer's Non-Employee Director Deferred Stock Unit Plan. The DSUs will be settled in cash upon the director's termination of service as a director, with no continuing employment relationship with the issuer.
- [F5]The number of Formula DSUs allocated to a reporting person is based on the mean of the high and low prices of the issuer's common stock on the Toronto Stock Exchange on the transaction date (C$34.89).