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PAXSON COMMUNICATIONS CORP·4

Oct 6, 11:59 AM ET

WATSON WILLIAM L 4

4 · PAXSON COMMUNICATIONS CORP · Filed Oct 6, 2003

Insider Transaction Report

Form 4
Period: 2003-10-02
PAXSON COMMUNICATIONS CORPPAX
WATSON WILLIAM L
VP, Assistant Secretary
Transactions
  • Exercise of In-Money

    Class A Common Stock

    [F1]
    2003-10-03$0.01/sh+70,000$700→ 103,518 total
  • Award

    Employee Stock Option (right to buy)

    2003-10-02+70,000→ 48,000 total
    Exercise: $0.01From: 2003-10-03Exp: 2003-10-03→ Class A Common Stock (70,000 underlying)
  • Exercise of In-Money

    Employee Stock Option (right to buy)

    2003-10-03−70,000→ 48,000 total
    Exercise: $0.01From: 2003-10-03Exp: 2003-10-03→ Class A Common Stock (70,000 underlying)
Footnotes (1)
  • [F1]Shares restricted as to transferability and subject to forfeiture until vested. 60,000 shares vest on the fifth anniversary of the grant. 10,000 shares vest in three equal annual installments beginning on October 2, 2004.
Signature
William L. Watson, Reporting Person, executed by attorney-in-fact, Adam K. Weinstein|2003-10-06

Documents

2 files