NATCO GROUP INC 4
4 · NATCO GROUP INC · Filed Sep 13, 2004
Insider Transaction Report
Form 4
MCCARTHY PATRICK M
DirectorDirector, President & COO
Transactions
- Award
Common Stock
2004-09-09$8.05/sh+11,250$90,619→ 106,422 total - Award
STOCK OPTION (Right to Buy)
2004-09-09+20,000→ 0 totalExercise: $8.05Exp: 2014-09-09→ Common Stock (20,000 underlying)
Footnotes (2)
- [F1]Direct ownership includes 10,556 shares purchased through a participant-directed defined contribution employee benefit plan. Restrictions on this grant of restricted stock lapse (a) as to all of the Shares on the date that the Company has achieved an earnings per share of at least $1.00 calculated on a trailing twelve months basis as of the last day of a quarter, for three consecutive quarters; provided that (i) earnings per share may be normalized in certain circumstances and (ii) the recipient has continuously served as an employee from the date of the award until such date or, (b) if earlier, pursuant to the applicable plan or upon occurrence of a Corporate Change as defined in such plan, provided, in either case, that the employee has been continuously employed by the Company or a subsidiary on such date or the date of such Corporate Change.
- [F2]Stock options vest in 1/3 increments on the first, second and third anniversaries of the date of grant, subject to continued employment by the Company or a subsidiary on the applicable date.