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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

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

    Employee Stock Option (right to buy)

    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.

Documents

2 files