GENTEK INC 4

4 · GENTEK INC · Filed May 25, 2005

Form 4

Period: 2005-05-23

Other

Transactions

Disposition to Issuer
Tranche B Warrants
2005-04-08−6,737→ 0 total
Exercise: $64.50From: 2004-05-27Exp: 2008-11-10→ Common Stock (6,737 underlying)
Disposition to Issuer
Tranche C Warrants
2005-04-08−3,290→ 0 total
Exercise: $71.11From: 2004-05-27Exp: 2010-11-10→ Common Stock (3,290 underlying)
Award
Tranche C Warrants
2005-04-08+10,618→ 10,618 total
Exercise: $22.03From: 2005-04-08Exp: 2010-11-10→ Common Stock (10,618 underlying)
Disposition to Issuer
Common Stock
2005-05-23−14,589→ 32,637 total
Disposition to Issuer
Stock Options
2005-05-23−3,358→ 0 total
Exercise: $31.14Exp: 2014-03-19→ Common Stock (3,358 underlying)
Award
Stock Options
2005-05-23+3,162→ 3,162 total
Exercise: $11.03From: 2005-05-23Exp: 2014-03-19→ Common Stock (3,162 underlying)
Award
Tranche B Warrants
2005-04-08+21,744→ 21,744 total
Exercise: $19.98From: 2005-04-08Exp: 2008-11-10→ Common Stock (21,744 underlying)

Footnotes (3)

[F1]The reporting person forfeited the shares to the issuer for no consideration pursuant to the Separation Agreement entered into by the reporting person and the issuer on May 23, 2005.
[F2]Pursuant to the terms of the Separation Agreement entered into by the reporting person and the issuer on May 23, 2005, the reporting person is entitled to receive only a portion of the adjusted options. The exercise price and quantity of the options of the original grant were equitably adjusted as a result of the payment of a $31.00 per share dividend by the issuer. This adjustment resulted in the deemed cancellation of the original option grant and the grant of replacement options.
[F3]Pursuant to the terms of the Warrant Agreements of the issuer, the exercise price and number of common shares into which the warrants are exercisable were equitably adjusted to reflect the payment of a $31 per share dividend by the issuer. This adjustment resulted in the deemed cancellation of the warrants and the grant of replacement warrants. This is a Form 5 transaction and is being reported early.

Documents

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