LIPSON HOWARD 4
4 · ALLIED WASTE INDUSTRIES INC · Filed May 24, 2004
Insider Transaction Report
Form 4
LIPSON HOWARD
Director
Transactions
- Award
Non-employee Director stock option (right to buy)
2004-05-21+10,000→ 0 total(indirect: By Blackstone Management Partners III L.L.C.)Exercise: $12.60From: 2004-05-21Exp: 2014-05-21→ Common Stock (10,000 underlying)
Footnotes (2)
- [F1]Upon reelection to the Board of Directors of the Issuer, each non-employee Director is automatically granted an option to purchase shares of the Issuer's common stock. This grant is on the date of the reelection and is considered a part of the non-employee Director's annual compensation.
- [F2]Stock option granted to Blackstone Management Partners III L.L.C. ("BMP III"), the Investment Advisor to certain of the Blackstone entities invested in the Issuer, of which Reporting Person is a member. Reporting Person disclaims any beneficial ownership in the stock option granted to BMP III.