Hemeon John Murray 4
4 · Tim Hortons Inc. · Filed May 19, 2009
Insider Transaction Report
Form 4
Hemeon John Murray
EVP, Supply Chain
Transactions
- Award
Employee Stock Option with Tandem Stock Appreciation Right
2009-05-15+46,434→ 46,434 totalExercise: $24.47From: 2010-05-15Exp: 2016-05-15→ Common Stock (46,434 underlying) - Award
Common Stock
2009-05-15+3,871→ 3,871 total
Footnotes (2)
- [F1]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 cancellation and surrender to the Company of the other. These rights are scheduled to vest in three equal annual installments commencing on May 15, 2010.
- [F2]The U.S. price reported represents the approximate equivalent of Cdn.$28.87, as converted into U.S. dollars on the transaction date using the 3:30 p.m. buying rate of Philadelphia Stock Exchange for cable transfers payable in foreign currency, as certified for customs purposes by the Federal Reserve Bank of New York.