NATCO GROUP INC 4
4 · NATCO GROUP INC · Filed Jan 7, 2008
Insider Transaction Report
Form 4
MCCARTHY PATRICK M
DirectorDirector, President & COO
Transactions
- Award
Common stock - restricted stock
2008-01-02$53.54/sh+30,000$1,606,200→ 60,633 total
Footnotes (2)
- [F1]Restrictions on this grant of restricted stock lapse as to all of the shares on March 1, 2011, provided that (1) the Company has acheived an average earnings per share per year of $1.50 over the three years ending December 31, 2008, 2009 and 2010 (which earnings per share may be normalized in certain circumstances) and the recipient has continuously served as an employee from the date of the award until such date or earlier, pursuant to the 2006 long-term incentive compensation plan or upon occurrence of a Corporate Change as defined in such plan, subject to recipient having been continuously employed by the Company or a subsidiary on such date or the date of such Corporate Change, as applicable. The shares are subject to forfeiture upon termination of employment prior to the time restrictions lapse or if the performance restrictions are not met on or before March 1, 2011.
- [F2]Includes an aggregate of 43,733 shares of restricted stock subject to restrictions and potential forfeiture.