MATTISON WILLIAM C JR 4
4 · POSSIS MEDICAL INC · Filed Jan 4, 2005
Insider Transaction Report
Form 4
MATTISON WILLIAM C JR
Director
Transactions
- Award
common stock
2005-01-03+459→ 111,962 total - Award
stock option - right to buy
2005-01-03$13.08/sh+4,000$52,320→ 4,000 totalExercise: $13.08From: 2006-01-03Exp: 2015-01-03→ common stock (4,000 underlying) - Award
stock option - right to buy
2005-01-03$6.54/sh+2,943$19,247→ 2,943 totalExercise: $6.54From: 2005-07-03Exp: 2015-01-03→ common stock (2,943 underlying) - Award
stock option - right to buy
2005-01-03$13308.00/sh+20,000$266,160,000→ 20,000 totalExercise: $13.08From: 2012-01-03Exp: 2015-01-03→ common stock (20,000 underlying)
Footnotes (3)
- [F1]Reporting person also owns 221,000 shares indirectly in trust and in an Individual Retirement Account.
- [F2]Of the total number of options granted, 50% vest on 7/3/2005 and the remaining 50% vest on 1/3/2006
- [F3]This option grant provides for accelerated vesting in the event that specified price targets are met and maintained for five consecutive business days. The accelerated vesting schedule provides that 33% of the total grant shall vest in the event the stock price appreciates 20% to $15.71; an additional 33% of the total grant shall vest in the event the stock price appreciates 40% to $18.31, and the final 33% of the total grant shall vest in the event the stock price appreciates 60% to $20.93.