MCKERNAN EDWARD F 4
4 · GLOBAL PREFERRED HOLDINGS INC · Filed May 27, 2005
Insider Transaction Report
Form 4
MCKERNAN EDWARD F
DirectorPresident and CEO
Transactions
- Tax Payment
Common Stock
2005-05-25$14.54/sh−62,456$908,110→ 23,794 total - Exercise/Conversion
Common Stock
2005-05-25$10.94/sh+11,250$123,075→ 86,250 total - Exercise/Conversion
Stock Option (right to buy)
2005-05-25$14.54/sh−11,250$163,575→ 0 totalExercise: $10.94Exp: 2014-05-26→ Common Stock (11,250 underlying) - Exercise/Conversion
Common Stock
2005-05-25$10.46/sh+67,500$706,050→ 75,000 total - Exercise/Conversion
Stock Option (right to buy)
2005-05-25$14.54/sh−67,500$981,450→ 0 totalExercise: $10.46Exp: 2013-05-27→ Common Stock (67,500 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 Stock Incentive Plan) occurring pursuant to an Agreement and Plan of Reorganization with Aegon N.V.
- [F2]The reporting person's stock options, which provided for annual vesting but were vested in full as of the effective date of the change of control by action of the Board of Directors, were cancelled in connection with the transaction between the Issuer and Aegon N.V. and exchanged for 16,294 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.