Loughman William J 4
4 · AIRGATE PCS INC /DE/ · Filed Dec 23, 2004
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Non-qualified Employee Stock Options (right to buy)
2004-12-23−22,500→ 22,500 totalExercise: $14.24Exp: 2014-08-11→ Common Stock (22,500 underlying) - Exercise/Conversion
Common Stock
2004-12-23$14.24/sh+22,500$320,400→ 22,500 total - Sale
Common Stock
2004-12-23$34.96/sh−22,500$786,600→ 0 total
Footnotes (2)
- [F1]The Non-Qualified Stock Options were granted on August 11, 2004 pursuant to the terms of the AirGate PCS, Inc. Amended and Restated 2002 Long Term Incentive Plan.
- [F2]These Non-Qualified Stock Options vest in the amount of 25% of the total grant on each anniversary of the grant date. On December 21, 2004, the Issuer's board of directors authorized the immediate acceleration of the vesting of one-half of Mr. Loughman's options on a pro-rata basis.