BREEN GERALD J 4
4 · KAYDON CORP · Filed Oct 1, 2003
Insider Transaction Report
Form 4
KAYDON CORPKDN
BREEN GERALD J
Director
Transactions
- Award
Phantom stock
2003-09-30$23.74/sh+253.76$6,024→ 4,622.84 totalExercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common stock (253.76 underlying)
Footnotes (1)
- [F1]Acquired on September 30, 2003, as a result of reporting person's previous election to defer compensation and receive accruals of phantom shares of Kaydon common stock under directors deferred compensation plan, and to receive accruals of additional phantom shares as a result of dividends paid on phantom shares of Kaydon common stock owned at the beginning of the fiscal quarter, at $23.74 per share. Shares of phantom stock are payable in cash or shares of Kaydon common following the persons election to cease deferral. Phantom shares have no specific date of exercisablity nor any specific expiration date.