TENNANT JAMES R 4
4 · HOME PRODUCTS INTERNATIONAL INC · Filed Dec 15, 2004
Insider Transaction Report
Form 4
TENNANT JAMES R
DirectorChairman and CEO
Transactions
- Disposition to Issuer
Common Stock
2004-12-13−61,214→ 0 total - Exercise/Conversion
Phantom Stock Units
2004-12-13−61,214→ 0 total→ Common Stock (61,214 underlying) - Disposition from Tender
Common Stock
2004-12-13$2.25/sh−467,628$1,052,163→ 0 total - Exercise/Conversion
Common Stock
2004-12-13+61,214→ 61,214 total - Expiration (Short)
Option
2004-12-13$0.49/sh−100,000$49,000→ 0 totalExercise: $1.76Exp: 2011-05-14→ Common Stock (100,000 underlying)
Holdings
- 200,000
Option
Exercise: $5.00Exp: 2006-09-16→ Common Stock (200,000 underlying)
Footnotes (4)
- [F1]Option is fully vested.
- [F2]The option was cancelled in the tender offer in exchange for payment of an amount in cash equal to the product of (1) the excess of $2.25 over the per share exercise price of the option, multiplied by (2) the number of shares subject to such option.
- [F3]Issued under the Company's Executive Incentive Plan. Under the Executive Incentive Plan, upon a change of control transaction, which the consummation of the tender offer constitutes, all phantom stock units are converted to cash by multiplying the number of such units by the sale price of the common stock on the last business day before the change of control occurs, and the resulting amount is payable in cash upon closing of such change of control transaction. On December 10, 2004, the last business day before the tender offer was consummated, the sale price of the common stock was $2.29 per share.
- [F4]1-for-1