Rashid Ali 4
4 · QUALITY DISTRIBUTION INC · Filed Mar 13, 2009
Insider Transaction Report
Form 4
Rashid Ali
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2009-03-11−15,000→ 0 totalExercise: $15.36Exp: 2016-05-17→ Common Stock (15,000 underlying) - Award
Stock Option (right to buy)
2009-03-11+20,000→ 20,000 totalExercise: $1.25Exp: 2019-03-11→ Common Stock (20,000 underlying)
Footnotes (3)
- [F1]On March 11, 2009, Quality Distribution, Inc. (the "Company") canceled an option to purchase 15,000 shares of Common Stock of the Company granted to Mr. Rashid on May 18, 2006. Mr. Rashid received a replacement option to purchase 20,000 shares of Common Stock of the Company having an exercise price equal to the closing market price of the underlying stock on March 11, 2009.
- [F2]The canceled option provided for vesting in four equal annual installments beginning on May 19, 2007.
- [F3]The option vests in four equal annual installments beginning on March 11, 2010.