LESCO INC/OH 4
4 · LESCO INC/OH · Filed May 18, 2005
Insider Transaction Report
Form 4
LESCO INC/OHLSCO
COCHRAN STEVEN E
Other
Transactions
- Other
Employee Stock Option (Right to Buy)
2005-05-16$3.21/sh−5,000$16,060Exercise: $11.45From: 2002-12-31Exp: 2012-06-03→ Common Shares (5,000 underlying) - Other
Employee Stock Option (Right to Buy)
2005-05-16$3.21/sh−45,000$144,540Exercise: $11.45Exp: 2012-06-03→ Common Shares (45,000 underlying) - Other
Employee Stock Option (Right to Buy)
2005-05-16$1.26/sh−10,000$12,570Exercise: $13.40Exp: 2012-12-18→ Common Shares (10,000 underlying)
Footnotes (3)
- [F1]The options were forfeited by mutual agreement of the reporting person and LESCO, Inc. in connection with termination of the reporting person's employment. The reporting person received in the aggregate $164,511.50 in consideration of that forfeiture. The consideration represents the difference between the average selling price of LESCO, Inc.'s common shares between April 10 and May 10, 2005 and the exercise price of each option.
- [F2]The option became exerciseable in three equal annual installments beginning December 31, 2002.
- [F3]The aggregate option related to 15,000 shares. The option becomes exercisable in three equal annual installments beginning December 31, 2003. The 5,000 unvested shares also were forfeited.