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PAXSON COMMUNICATIONS CORP·4

Oct 1, 4:08 PM ET

WATSON WILLIAM L 4

4 · PAXSON COMMUNICATIONS CORP · Filed Oct 1, 2004

Insider Transaction Report

Form 4
Period: 2004-10-01
PAXSON COMMUNICATIONS CORPPAX
WATSON WILLIAM L
VP, Assistant Secretary
Transactions
  • Disposition to Issuer

    Class A Common Stock

    [F1]
    2004-10-01−70,000→ 23,518 total
  • Award

    Employee Stock Option (right to buy)

    [F1][F2]
    2004-10-01+70,000→ 118,000 total
    Exercise: $0.01Exp: 2013-10-02→ Class A Common Stock (70,000 underlying)
Footnotes (2)
  • [F1]The reporting person agreed to cancel shares of stock issued on October 2, 2003 in exchange for new options to purchase a number of shares of stock equal to the cancelled number of shares of stock.
  • [F2]10,000 options vest incrementally as follows: 3,333 on October 2, 2004, 3,333 on October 2, 2005, and 3,334 on October 2, 2006. 60,000 options vest on October 2, 2008.
Signature
William L. Watson, Reporting Person, executed by attorney-in-fact, Adam K. Weinstein|2004-10-01

Documents

2 files