NAEVE STEPHEN W 4
4 · RELIANT RESOURCES INC · Filed Sep 18, 2003
Insider Transaction Report
Form 4
NAEVE STEPHEN W
Vice Chairman
Transactions
- Disposition to Issuer
Common Stock
2003-09-16−206,700→ 123,196 total - Tax Payment
Common Stock
2003-09-16$5.28/sh−34,823$183,865→ 88,373 total - Award
Common Stock
2003-09-16+81,999→ 170,372 total
Holdings
- 102,861(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]In connection with his resignation on September 16, 2003, Mr. Naeve forfeited 206,700 shares of restricted stock granted on March 11, 2003.
- [F2]In connection his resignation on September 16, 2003, Mr. Naeve vested in portions of previous performance share awards and restricted stock awards. In accordance with the terms of the awards, a portion of these awards has been withheld to satisfy Mr. Naeve's tax obligations with respect to such awards as follows: (a) 14,334 shares withheld to satisfy tax obligations on the 2001-2003 performance cycle award, (b) 9,036 shares withheld to satisfy tax obligations on the 2002-2004 performance cycle award and (c) 11,453 shares withheld to satisfy tax obligations on March 11, 2003 restricted stock award.
- [F3]In connection with his resignation on September 16, 2003, Mr. Naeve became vested in the following shares of common stock: (a) 47,838 shares for the 2001-2003 performance cycle and (b) 34,161 shares for the 2002-2004 performance cycle.