HELMS WILLIAM C 4
4 · COMPASS BANCSHARES INC · Filed Jun 5, 2006
Insider Transaction Report
Form 4
HELMS WILLIAM C
Other
Transactions
- Award
Employee Stock Option (right to buy)
2006-06-01+30,869→ 30,869 totalExercise: $56.07Exp: 2016-05-31→ Common Stock (30,869 underlying) - Award
Phantom Stock Units (ESOP Benefit Restoration Plan)
2006-05-31$55.69/sh+15.189$846→ 877.478 totalExercise: $0.00→ Common Stock (15.189 underlying)
Footnotes (2)
- [F1]The phantom stock units were acquired under the issuer's ESOP Benefit Restoration Plan. Each unit represents the right to receive the cash value of one share of the issuer's common stock upon the reporting person's retirement or the occurrence of certain other events, including termination of employment, death or change in control of the issuer. Subject to the terms of the plan, the reporting person may transfer amounts allocated to his phantom stock account into an alternative investment option at any time.
- [F2]The option vests over a three-year period, with 50% of the option shares vesting on June 1, 2007 and 25% of the option shares vesting on each of June 1, 2008 and June 1, 2009.