KUZNIK FERDINAND 4/A
4/A · CABLE DESIGN TECHNOLOGIES CORP · Filed Jan 21, 2004
Insider Transaction Report
Form 4/AAmended
KUZNIK FERDINAND
Director
Transactions
- Award
Common Stock
2003-11-03+150,000→ 226,171 total - Award
Common Stock
2003-11-03$9.85/sh−20,520$202,122→ 205,651 total - Other
Stock Option
2003-11-03−200,000→ 236,000 totalExercise: $14.79→ Common Stock (200,000 underlying) - Other
Stock Option
2003-11-03−100,000→ 436,000 totalExercise: $15.23→ Common Stock (100,000 underlying)
Footnotes (7)
- [F1]This transaction was previously reported by Mr. Kuznik on a Statement of Beneficial Ownership on Form 4 on November 5, 2003. Due to a technical error, however, such filing showed the company rather than Mr. Kuznik as being the reporting person. This amendment is being filed to correct that error.
- [F2]On November 3, 2003, Mr. Kuznik received a restricted stock award of 150,000 shares of common stock. Of these shares, 54,000 shares vested upon grant and are not subject to forfeiture and the remaining 96,000 shares are restricted and subject to forfeiture if Mr. Kuznik's employment with us terminates for any reason (the remaining 96,000 shares vest over a four year period at 25% per year); provided that if a change of control occurs before December 10, 2006, all restrictions will lapse and the shares will no longer be subject to forfeiture.
- [F3]Of the 54,000 shares of restricted common stock that vested upon grant described in note (2) above, the Company withheld 20,520 shares, having a fair market value equal to Mr. Kuznik's tax liability arising from the restricted stock grant.
- [F4]On November 3, 2003, the Company cancelled options to purchase 500,000 shares of common stock at exercise price ranging from $14.25 to $15.73. The Company cancelled these options because it determined that, given that the exercise prices of the options were significantly below the trading prices for the common stock, the restricted stock grant disclosed above would provide a better performance incentive to Mr. Kuznik.
- [F5]These options were granted on January 4, 2001. 20% of these options vested upon grant and either vested or were to vest 16% per year thereafter. The options were to expire 10 years from the date of grant.
- [F6]These options were granted on December 21, 2001. 20% of these options vested upon grant and either vested or were to vest 16% per year thereafter. The options were to expire 10 years from the date of grant.
- [F7]These options were granted on December 28, 2001. 20% of these options vested upon grant and either vested or were to vest 16% per year thereafter. The options were to expire 10 years from the date of grant.