4//SEC Filing
PUTNAM JOHN STEPHEN 4
Accession 0001182751-04-000004
CIK 0000720005other
Filed
Apr 28, 8:00 PM ET
Accepted
Apr 29, 11:07 AM ET
Size
13.2 KB
Accession
0001182751-04-000004
Insider Transaction Report
Form 4
PUTNAM JOHN STEPHEN
Executive Vice President
Transactions
- Gift
Common Stock
2004-04-28−50→ 110,781 total
Holdings
- 9,000
Employee Stock Option (right to buy)
Exercise: $13.75From: 2002-11-18Exp: 2005-01-18→ Common Stock (9,000 underlying) - 18,959(indirect: ESOP)
Common Stock
- 1
Variable Prepaid Forward Transaction
From: 2005-03-03Exp: 2005-03-03→ Common Stock (45,000 underlying) - 8,946
Employee Stock Option (right to buy)
Exercise: $21.33From: 2004-11-28Exp: 2007-01-28→ Common Stock (8,946 underlying) - 6,054
Employee Stock Option (right to buy)
Exercise: $21.33From: 2004-11-28Exp: 2007-01-28→ Common Stock (6,054 underlying)
Footnotes (5)
- [F1]This Form 4 is being filed in connection with the proposed sale by the Reporting Person of 45,000 shares of the common stock of Raymond James Financial, Inc. (the "Shares") to Commerzbank Capital Markets Corp. pursuant to a Variable Prepaid Forward ("VPF") transaction effected on August 28, 2003 and subject to the terms set forth in the VPS Agreement entered into on August 28, 2003
- [F2]Pursuant to the VPS Agreement, the Reporting Person has agreed to sell the Shares for the notional amount of $23.5331 per share, subject to adjustment as set forth below. The Reporting Person has received aggregate proceeds of $942,606.
- [F3]The VPF Agreement provides that on March 3, 2005 ("Settlement Date"), the Reporting Person shall be obligated to deliver that number of Shares (or at the Reporting Person's election, the cash equivalent of such Shares) to Commerzbank Capital Markets Corp. based on the closing price of the Shares on February 28, 2005 ("Maturity Date") as follows, (i) if the closing price on the Maturity Date ("Settlement Date") is equal to or less than $23.5331 per share, a delivery of 45,000 shares; (ii) if on the Maturity Date The Settlement Price is greater than $23.5331 ("Downside Threshold") per share but less than $28.2397 ("Upside Threshold"), a delivery of Shares equal to the product of 45,000 and (the Downside Threshold/Settlement Price); and (iii) if on the Maturity Date the Settlement Price is greater than the Upside Threshold, a delivery of Shares equal to the product of 45,000 and (1-(28.2397-23.5331)/Settlement Price).
- [F4]Options Currently Exercisable - 6,300. Options Becoming exercisable - 2,700 on 11/18/2004
- [F5]Options Becoming exercisable - 2,946 on 11/28/2004, 3,000 on 11/28/2005 and 3,000 on 11/28/2006
Documents
Issuer
RAYMOND JAMES FINANCIAL INC
CIK 0000720005
Entity typeother
Related Parties
1- filerCIK 0001182751
Filing Metadata
- Form type
- 4
- Filed
- Apr 28, 8:00 PM ET
- Accepted
- Apr 29, 11:07 AM ET
- Size
- 13.2 KB