INTERNATIONAL STEEL GROUP INC 4
4 · INTERNATIONAL STEEL GROUP INC · Filed Apr 19, 2005
Insider Transaction Report
Form 4
ARNETT LONNIE A
VP, Contrlr & Chf. Acc. Off
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2005-04-15$10.41/sh−50,000$520,500→ 0 totalExercise: $31.59Exp: 2010-09-01→ Common Stock (50,000 underlying)
Footnotes (1)
- [F1]This option, which provided for vesting in four equal annual installments beginning September 1, 2004, was cancelled in the merger of International Steel Group Inc. with a wholly owned subsidiary of Mittal Steel Company N.V. in exchange for a cash payment of $520,500.00 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.