WTC CORP 4
4 · WTC CORP · Filed Aug 29, 2005
Insider Transaction Report
Form 4
WTC CORPAKAM
SALERNO FREDERIC V
Director
Transactions
- Exercise/Conversion
Common Stock, par value $.01 per share
2005-08-26+6,951→ 6,951 total - Exercise/Conversion
Deferred Stock Units
2005-08-26−10,000→ 20,000 totalExercise: $0.00→ Common Stock (10,000 underlying)
Footnotes (3)
- [F1]Represents shares of Common Stock distributed in respect of Deferred Stock Units ("DSUs") originally granted on August 26, 2003.
- [F2]Each DSU represents the right to receive 1 share of Common Stock upon vesting. DSUs vest 33% on each of August 25, 2004, 2005 and 2006; however, Mr. Salerno may elect to defer receipt of all or a portion of the shares of Common Stock issuable in respect of vested DSUs.
- [F3]Not applicable.