WHITE GREGORY A 4

Accession 0001209191-04-003431

CIK 0000048039other

Filed

Jan 15, 7:00 PM ET

Accepted

Jan 16, 4:24 PM ET

Size

17.6 KB

Accession

0001209191-04-003431

Form 4

Period: 2004-01-15

VP Marketing Light Oils

Transactions

Exercise/Conversion
Employee Stock Option (Right to Buy)
2004-01-15−400→ 15,000 total
Exercise: $11.90→ Common Stock (400 underlying)
Exercise/Conversion
Common Stock
2004-01-15$13.38/sh+200$2,675→ 0 total
Exercise/Conversion
Employee Stock Option (Right to Buy)
2004-01-15−200→ 0 total
Exercise: $13.38→ Common Stock (200 underlying)
Sale
Common Stock
2004-01-15$27.55/sh−200$5,510→ 0 total
Exercise/Conversion
Common Stock
2004-01-15$11.90/sh+400$4,760→ 0 total
Sale
Common Stock
2004-01-15$27.41/sh−400$10,964→ 0 total
Exercise/Conversion
Common Stock
2004-01-15$11.90/sh+4,600$54,740→ 0 total
Sale
Common Stock
2004-01-15$27.20/sh−4,600$125,120→ 0 total
Exercise/Conversion
Employee Stock Option (Right to Buy)
2004-01-15−5,800→ 0 total
Exercise: $13.38→ Common Stock (5,800 underlying)
Sale
Common Stock
2004-01-15$27.40/sh−5,800$158,920→ 0 total
Exercise/Conversion
Common Stock
2004-01-15$13.38/sh+5,800$77,575→ 0 total
Exercise/Conversion
Employee Stock Option (Right to Buy)
2004-01-15−4,600→ 15,000 total
Exercise: $11.90→ Common Stock (4,600 underlying)

Footnotes (5)

[F1]Option became exercisable to the extent of 20% at March 6, 1998 and became exercisable for an additional 20% on each September 26 thereafter until the option became fully exercisable on September 26, 2001.
[F2]Option generally expires ten years from the effective date of grant (the period for exercise may be extended in certain cases following the death of the reporting person). If the reporting person's employment terminates because of death, permanent disability or normal retirement, the option is generally exercisable in full for two years from the date of termination. If the reporting person's employment is terminated for cause (as defined), the option immediately ceases to be exercisable. If the reporting person's employment terminates for any other reason, the option is exercisable for one year after such termination to the extent the option was exercisable at termination.
[F3]Option is partial consideration to employee for services.
[F4]Number reflects all transactions reported herein with respect to this stock option.
[F5]Option became exercisable to the extent of 20% at March 9, 2002 and becomes exercisable for an additional 20% on each March 9 thereafter until the option becomes fully exercisable on March 9, 2006. Option becomes fully exercisable in the event of certain terminations within 60 days before or at any time after a substantial corporate change (as defined) in the ownership of Holly Corporation or its principal business operations

Documents

1 file

HOLLY CORP

CIK 0000048039

Entity typeother