SIMS HOWARD F 4
4 · DTE ENERGY CO · Filed Jan 5, 2004
Insider Transaction Report
Form 4
SIMS HOWARD F
Director
Transactions
- Award
Phantom Stock
2003-12-31+50.575→ 3,163.683 total→ Common Stock (50.575 underlying) - Award
Stock Option (right to buy)
2004-01-02$39.58/sh+1,000$39,575→ 1,000 totalExercise: $39.58From: 2005-01-02Exp: 2014-01-02→ Common Stock (1,000 underlying) - Award
Phantom Stock
2004-01-02+1,000→ 4,254.33 total→ Common Stock (1,000 underlying)
Footnotes (3)
- [F1]1 for 1
- [F2]The balance of the reporting person's phantom share account under the DTE Energy Company Deferred Stock Compensation Plan for Non-Employee Directors will be paid to him within 15 days after the date he terminates his service on the Board of Directors for any reason. Payment will be made in a lump sum in cash or, at the election of the reporting person made prior to termination of service and with the approval of the Board, in whole shares of DTE common stock with any fractional share being paid in cash. The amount of any cash distribution from the reporting person's phantom share account will be made at a value equal to the average of the high and low sales prices of a share of DTE common stock as listed in The Wall Street Journal for the New York Stock Exchange Composite tape on a specified date.
- [F3]Includes phantom stock acquired through the dividend reinvestment feature of the DTE Energy Company Deferred Stock Compensation Plan for Non-Employee Directors.