HOLLY CORP 4/A
4/A · HOLLY CORP · Filed Feb 11, 2005
Insider Transaction Report
Form 4/AAmended
HOLLY CORPHOC
TOWNSEND JAMES G
VP Pipelines and Terminals
Transactions
- Exercise/Conversion
Employee Stock Option (Right to buy)
2004-11-17−6,500→ 18,000 totalExercise: $3.50→ Common Stock (6,500 underlying)
Footnotes (3)
- [F1]Option became exercisable to the extent of 20% at September 24, 2000 and became exercisable for an additional 20% on each September 24 thereafter until the option became fully exercisable on September 24, 2004.
- [F2]Option generally expires ten years from the effective date of grant (the period for exercise may be extended in certain cases following the death of the reporting person). If the reporting person's employment terminates because of death, permanent disability or normal retirement, the option is generally exercisable in full for two years from the date of termination. If the reporting person's employment is terminated for cause (as defined), the option immediately ceases to be exercisable. If the reporting person's employment terminates for any other reason, the option is exercisable for one year after such termination to the extent the option was exercisable at termination.
- [F3]Option was partial consideration to employee for services.