RADONICH MILAN 4
4 · GLOBAL PREFERRED HOLDINGS INC · Filed May 27, 2005
Insider Transaction Report
Form 4
RADONICH MILAN
Director
Transactions
- Exercise/Conversion
Common Stock
2005-05-25$10.94/sh+1,000$10,940→ 9,500 total - Exercise/Conversion
Common Stock
2005-05-25$10.46/sh+8,500$88,910→ 8,500 total - Tax Payment
Common Stock
2005-05-25$14.54/sh−6,867$99,846→ 2,633 total - Exercise/Conversion
Stock Option (right to buy)
2005-05-25$14.54/sh−8,500$123,590→ 0 totalExercise: $10.46Exp: 2008-06-17→ Common Stock (8,500 underlying) - Exercise/Conversion
Stock Option (right to buy)
2005-05-25$14.54/sh−1,000$14,540→ 0 totalExercise: $10.94Exp: 2009-07-15→ Common Stock (1,000 underlying)
Footnotes (2)
- [F1]The reporting person's common stock was acquired in exchange for cancelled stock options having a market value of $14.54 per share on the effective date of a change of control of the Issuer (as defined in the Issuer's Directors Stock Option Plan) occurring pursuant to an Agreement and Plan of Reorganization with Aegon N.V.
- [F2]The reporting person's stock options, which provided for vesting immediately upon a change of control of the Issuer, were cancelled in connection with the transaction between the Issuer and Aegon N.V. and exchanged for 2,633 shares of common stock after deduction for the exercise price and withholding for payment of taxes, valued at $14.54 per share on the date of such change of control.