DUARTE GILBERTO M JR 4
4 · WORLD AIRWAYS INC /DE/ · Filed May 28, 2004
Insider Transaction Report
Form 4
DUARTE GILBERTO M JR
Chief Financial Officer
Transactions
- Sale
Common Stock
2004-05-26$3.01/sh−1,652$4,973→ 44,500 total - Sale
Common Stock
2004-05-26$3.00/sh−700$2,100→ 43,800 total
Holdings
- 35,000
Employee Stock Options Right to Buy
[F1]Exercise: $2.13Exp: 2006-07-31→ Common Stock (35,000 underlying) - 15,000
Employee Stock Ooption Right to Buy
[F2]Exercise: $1.62Exp: 2007-01-21→ Common Stock (15,000 underlying) - 50,000
Employee Stock Option Right to Buy
[F3]Exercise: $1.00Exp: 2007-04-01→ Common Stock (50,000 underlying) - 100,000
Employee Stock Option Right to Buy
[F4]Exercise: $0.69Exp: 2008-10-29→ Common Stock (100,000 underlying) - 50,000
Employee Stock Option Right to Buy
[F5]Exercise: $0.84Exp: 2011-02-12→ Common Stock (50,000 underlying)
Footnotes (5)
- [F1]For informational purposes only; Mr. Duarte holds 35,000 options granted on August 1, 1998 that have all vested as of this date.
- [F2]For informational purposes only; Mr. Duarte holds 15,000 options granted on January 22, 1999 that have all vested as of this date.
- [F3]For informational purposes only; Mr. Duarte holds 50,000 options granted on April 2, 1999 that have all vested as of this date.
- [F4]For informational purposes only; Mr. Duarte holds 100,000 options granted on October 30, 2000 that have all vested as of this date.
- [F5]For informational purposes, Mr. Duarte holds 50,000 options that were granted on February 13,2003 that vest as follows: 5,000 vested immediately; 15,000 vested on February 13, 2004; 15,000 vests on February 13, 2005 and 15,000 vests on February 13, 2006.
Signature
Gilberto M. Duarte, Jr.
/s/ Cindy M. Swinson, Attorney in Fact|2004-05-28