TBC CORP 4
4 · TBC CORP · Filed Apr 22, 2005
Insider Transaction Report
Form 4
TBC CORPTBCC
SCHOEBERL ROBERT R
Director
Transactions
- Exercise/Conversion
Common Stock
2005-04-22$7.19/sh+928$6,672→ 22,154 total - Exercise/Conversion
Common Stock
2005-04-22$14.30/sh+468$6,692→ 22,390 total - Exercise/Conversion
Stock Option (right to buy)
2005-04-22−1,212→ 0 totalExercise: $5.50From: 2001-04-26Exp: 2005-04-26→ Common Stock (1,212 underlying) - Exercise/Conversion
Common Stock
2005-04-22$5.50/sh+1,212$6,666→ 21,529 total - Exercise/Conversion
Stock Option (right to buy)
2005-04-22−928→ 924 totalExercise: $7.19From: 2002-04-25Exp: 2005-04-25→ Common Stock (928 underlying) - Disposition to Issuer
Common Stock
2005-04-22−232→ 21,922 total - Disposition to Issuer
Common Stock
2005-04-22−303→ 21,226 total - Disposition to Issuer
Common Stock
2005-04-22−117→ 22,273 total - Exercise/Conversion
Stock Option (right to buy)
2005-04-22−468→ 932 totalExercise: $14.30From: 2003-04-24Exp: 2005-04-24→ Common Stock (468 underlying)
Footnotes (4)
- [F1]Under the TBC Corporation 1989 Stock Incentive Plan (the "Plan"), prior to 2003, each non-employee director was granted, on the date of each Annual Meeting of Stockholders, shares of restricted stock having an aggregate then current fair market value of $5,000. The director was concurrently granted an option giving him the right to buy four times the number of restricted shares that he was granted. The option expires in one-third increments as the restricted stock vests, and the exercise of any portion of the option will cause the forfeiture of the associated restricted stock. The exercise of the option is also subject to certain conditions stated in the Plan.
- [F2]Exercise of tandem options. See (1).
- [F3]Forfeiture of restricted stock upon exercise of tandem options. See (1).
- [F4]Represents the balance of tandem options still outstanding under the respective annual grant.