NEWTON FREDERICK J III 4
4 · CINERGY CORP · Filed Aug 25, 2003
Insider Transaction Report
Form 4
CINERGY CORPCIN
NEWTON FREDERICK J III
EVP & Chief Administrative Off
Transactions
- Sale
FELINE PRIDES
2003-08-21$57.50/sh−395$22,714→ 0 total(indirect: By Trust)Exercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Stock (0 underlying)
Footnotes (1)
- [F1]Each FELINE PRIDES consists of an Income PRIDES, which includes a purchase contract and a 6.9% preferred trust security due 2007 issued by CC Funding Trust 1, with a stated liquidation amount of $50. Each purchase contract obligates its holder to purchase (and issuer to sell) on February 16, 2005, for $50, a number of shares of issuer's common stock equal to "settlement rate," calculated as follows: if the market value of issuer's common stock is (i) equal to or greater than $34.397, settlement rate will be 1.4536; (ii) less than $34.397 but greater than $29.15, settlement rate will be equal to stated amount divided by market value; and (iii) less than or equal to $29.15, settlement rate will be 1.7153. Any holder has a right to settle purchase contract at any time using cash, whereby 1.4536 shares of issuer's common stock will be issued.