LYNCH JOHN H 4
4 · SPECTRASITE INC · Filed Jul 1, 2005
Insider Transaction Report
Form 4
LYNCH JOHN H
SrVP/General Counsel/Sec
Transactions
- Exercise/Conversion
Employee Stock Option (Right to Buy)
2005-07-01−2,468→ 20,003 totalExercise: $13.07Exp: 2013-03-12→ Common Stock (2,468 underlying) - Sale
Common Stock
2005-07-01$73.86/sh−2,468$182,286→ 0 total - Exercise/Conversion
Common Stock
2005-07-01$13.07/sh+2,468$32,269→ 2,468 total
Footnotes (3)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 16, 2004.
- [F2]As of August 21, 2003, the Issuer effected a 2-for-1 stock split of its common stock, which is reflected in the number provided.
- [F3]The options shall vest and become exercisable in the following manner: (i) 20% of the aggregate option shares as of the Grant Date; (ii) 1/36 of 50% of the aggregate option shares on each of the first thirty-six monthly anniversaries of the Grant Date; and (iii) 30% of the aggregate option shares on the sixth anniversary of the Grant Date or sooner, in equal annual amounts for the fiscal years ending December 31, 2003, December 31, 2004 and December 31, 2005, subject to the Issuer's achievement of certain annual performance criterion for such fiscal years.