LOWRANCE ELECTRONICS INC 4

4 · LOWRANCE ELECTRONICS INC · Filed Jul 29, 2003

Form 4

Period: 2001-12-11

Executive VP

Transactions

Award
Employee Stock Option (Right to Buy)
2001-12-11+34,453→ 34,453 total
Exercise: $2.67From: 1988-08-08Exp: 2011-07-24→ Common Stock (34,453 underlying)
Award
Employee Stock Option (Right to Buy)
2001-12-11+115,547→ 115,547 total
Exercise: $2.67From: 1988-08-08Exp: 2011-07-24→ Common Stock (115,547 underlying)

Holdings

Footnotes (3)

[F1]33,000 shares are held of record by the Trustees of the Lowrance Savings Plan and Trust for Mr. Weber, who is entitled to vote such shares.
[F2]The option grant was approved by a committee of Lowrance's board of directors on July 25, 2001, subject to shareholder approval of the stock option plan under which the option was granted. Lowrance's shareholders approved the plan on December 11, 2001.
[F3]The option may be exercised in whole or in part at any time or times only upon or after the first to occur of the following events: (a) the occurrence of any transaction by which Darrell J. Lowrance sells 100% of the shares he then owns directly, in a private placement or registered public offering or through Rule 144 sales; or (b) upon the sale by the Company of all or substantially all of the Company's assets and operations to a third party; or (c) on or after July 24, 2010.

Documents

2 files