GAERTNER JAMES F PH D 4
4 · TANDY BRANDS ACCESSORIES INC · Filed Oct 23, 2003
Insider Transaction Report
Form 4
GAERTNER JAMES F PH D
Director
Transactions
- Award
Phantom Stock Units
2003-10-21$14.29/sh+7$100→ 3,987 totalExercise: $0.00From: 2008-01-02Exp: 2008-01-02→ Common Stock, $1.00 par value per share (7 underlying)
Footnotes (3)
- [F1]The phantom stock units convert to shares of common stock on a one-for-one basis.
- [F2]The phantom stock units accrued under the Tandy Brands Accessories, Inc. 1995 Stock Deferral Plan for Non-Employee Directors because of a cash dividend paid on October 21, 2003 to all stockholders of record at the close of business on September 30, 2003. Pursuant to the Tandy Brands Accessories, Inc. 1995 Stock Deferral Plan for Non-Employee Directors, participating Non-Employee Directors are credited with phantom stock units based on the amount of the cash dividend. The phantom stock units were credited to the reporting person's bookkeeping reserve account, which account is maintained by the Issuer, on October 21, 2003 and are to be settled on January 2, 2008.
- [F3]Pursuant to the reporting person's election, 2,048 of the aggregate phantom stock units are to be settled on January 2, 2009. The remaining 1,939 are to be settled on January 2, 2008.