SWINSON CINDY M 4

4 · WORLD AIRWAYS INC /DE/ · Filed Aug 20, 2003

Form 4

Period: 2003-08-19

General Counsel and Corp Sec.

Transactions

Exercise/Conversion
Stock Option (right to buy)
2003-08-19$0.95/sh−18,500$17,575→ 81,500 total
Exercise: $0.95Exp: 2009-07-15→ Common Stock (18,500 underlying)
Exercise/Conversion
Common Stock
2003-08-19$3.50/sh−5,000$17,500→ 0 total
Exercise/Conversion
Common Stock
2003-08-19$3.22/sh−3,500$11,270→ 0 total
Exercise/Conversion
Stock Option(right to buy)
2003-08-19$0.55/sh−10,000$5,500→ 15,000 total
Exercise: $0.55Exp: 2010-01-15→ Common Stock (10,000 underlying)
Exercise/Conversion
Common Stock
2003-08-19$3.55/sh−10,000$35,500→ 0 total
Exercise/Conversion
Stock Option (right to buy)
2003-08-19$0.84/sh−3,500$2,940→ 31,500 total
Exercise: $0.84Exp: 2011-02-12→ Common Stock (3,500 underlying)
Exercise/Conversion
Common Stock
2003-08-19$3.35/sh−4,000$13,400→ 0 total
Exercise/Conversion
Common Stock
2003-08-19$3.52/sh−2,000$7,040→ 0 total

Footnotes (3)

[F1]25,000 options were granted on January 16, 2002 and became excerciseable as follows: 2,500 on January 16, 2002, 7,500 on January 15, 2003, 7,500 on January 15, 2004 and 7,500 on January 15, 2005.
[F2]35,000 options were granted on February 13, 2003 and became exerciseable as follows: 3,500 on February 13, 2003, 10,500 on February 13, 2004, 10,500 on February 13, 2005 and 10,500 on February 13, 2006.
[F3]100,000 options were granted on July 16, 2001 and became exerciseable as follows: 10,000 on July 16, 2001, 30,000 on July 15, 2002, 30,000 on July 15, 2003, and 30,000 on July 15, 2004.

Documents

1 file