INTERNATIONAL STEEL GROUP INC 4
4 · INTERNATIONAL STEEL GROUP INC · Filed Apr 19, 2005
Insider Transaction Report
Form 4
SMITH KAREN A
VP - Human Resources
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2005-04-15$39.24/sh−47,060$1,846,634→ 0 totalExercise: $2.76Exp: 2008-04-12→ Common Stock (47,060 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-04-15$16.45/sh−72,400$1,190,980→ 0 totalExercise: $25.55Exp: 2009-07-07→ Common Stock (72,400 underlying)
Footnotes (2)
- [F1]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 $1,846,520.00 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.
- [F2]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 $1,190,980.00 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.