4//SEC Filing
INTERNATIONAL STEEL GROUP INC 4
Accession 0001209191-05-021283
CIK 0001231868operating
Filed
Apr 18, 8:00 PM ET
Accepted
Apr 19, 6:19 PM ET
Size
12.5 KB
Accession
0001209191-05-021283
Insider Transaction Report
Form 4
SPELICH GORDON C
VP - Business Development
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2005-04-12$16.45/sh−54,300$893,235→ 0 totalExercise: $25.55Exp: 2009-07-07→ Common Stock (54,300 underlying) - Disposition to Issuer
Common Stock, Par Value $0.01
2005-04-15−200,347→ 0 total - Disposition to Issuer
Common Stock, Par Value $0.01
2005-04-15−72,400→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2005-04-12$39.24/sh−371,050$14,560,002→ 0 totalExercise: $2.76Exp: 2008-04-12→ Common Stock (371,050 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to merger agreement between International Steel Group Inc. ("ISG"), Mittal Steel Company N.V. and the other parties thereto pursuant to which on April 15, 2005, all of the issued and outstanding shares of the Common Stock, par value $0.01 per share, of ISG were converted into the right to receive (1) $42.00 per share in cash, (2) 1.21740 Mittal Steel class A common shares, par value E0.01 per share, or (3) a combination of cash and Mittal Steel class A common shares. All elections are subject to the proration procedures provided in the merger agreement.
- [F2]Represents the disposition of 200,347 shares of International Steel Group Inc. ("ISG") common stock (the "Common Stock") by the Reporting Person in satisfaction of a variable share forward sale agreement entered into by the Reporting Person with an unaffiliated third party. This variable share forward sale agreement is described in greater detail in Exhibit 99.1 of the Form 4 filed by the Reporting Person on August 4, 2004, which description is incorporated herein by reference.
- [F3]This option, which provided for vesting in four equal annual installments beginning April 12, 2002, was cancelled in the merger of International Steel Group Inc. with a wholly owned subsidiary of Mittal Steel Company N.V. (the "Merger") in exchange for a cash payment of $14,559,099.98 which is equal to the difference between the per share exercise price of the option and $42.00 per share, multiplied by the number of options cashed out.
- [F4]This option, which provided for vesting in four equal annual installments beginning July 7, 2003, was cancelled in the Merger in exchange for a cash payment of $893,235.00 which is equal to the difference between the per share exercise price of the option and $42.00 per share, multiplied by the number of options cashed out.
Documents
Issuer
INTERNATIONAL STEEL GROUP INC
CIK 0001231868
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001231868
Filing Metadata
- Form type
- 4
- Filed
- Apr 18, 8:00 PM ET
- Accepted
- Apr 19, 6:19 PM ET
- Size
- 12.5 KB