Tim Hortons Inc. 4
4 · Tim Hortons Inc. · Filed May 16, 2008
Insider Transaction Report
Form 4
Walton Roland M
COO, Canada
Transactions
- Award
Employee Stock Option with Tandem Stock Appreciation Right
2008-05-15+20,189→ 20,189 totalExercise: $33.00From: 2009-05-15Exp: 2015-05-15→ Common Stock (20,189 underlying) - Tax Payment
Common Stock
2008-05-15$33.00/sh−4,386.749$144,763→ 70,360.607 total - Award
Common Stock
2008-05-15+6,254→ 76,614.607 total
Footnotes (2)
- [F1]The U.S. price reported represents the approximate equivalent of Cdn. $33.02, 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.
- [F2]Represents an option to purchase granted in tandem with a stock appreciation right for the number of shares of common stock set forth above under the Issuer's 2006 Stock Incentive Plan. Accordingly, the exercise of either the option or stock appreciation right results in the expiration of the other. These rights are scheduled to vest in three equal annual installments commencing on May 15, 2009.