STENGOU MARIANNA 4
4 · TECHNICAL OLYMPIC USA INC · Filed Jan 24, 2005
Insider Transaction Report
Form 4
STENGOU MARIANNA
Director
Transactions
- Gift
Employee Stock Option
2005-01-21+29,250→ 29,250 totalExercise: $11.45From: 2003-01-01Exp: 2013-01-01→ Common Stock (29,250 underlying) - Gift
Employee Stock Option
2005-01-21+45,000→ 45,000 totalExercise: $12.60From: 2003-01-01Exp: 2013-01-01→ Common Stock (45,000 underlying) - Gift
Employee Stock Option
2005-01-21+60,750→ 60,750 totalExercise: $11.45Exp: 2013-01-01→ Common Stock (60,750 underlying)
Footnotes (2)
- [F1]The Reporting Person received the options as a gift from an immediate family member.
- [F2]These options fully vest on December 31, 2009. However, these options are subject to accelerated vesting, in accordance with the following schedule, depending on whether and to what extent the Company's common stock price exceeds the average common stock price of a specified peer group at the end of each performance period. 16,808 of 20,250 vested on December 31, 2004 based on the performance period of January 1, 2002 to December 31, 2004. Up to 20,250 may vest on December 31, 2005 based on the performance period of January 1, 2003 to December 31, 2005. Up to 20,250 may vest on December 31, 2006 based on the performance period of January 1, 2004 to December 31, 2006.