4//SEC Filing
SEABULK INTERNATIONAL INC 4
Accession 0001209191-05-035882
CIK 0000922341operating
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 9:30 PM ET
Size
30.2 KB
Accession
0001209191-05-035882
Insider Transaction Report
Form 4
KURZ GERHARD E
DirectorCEO/PRES
Transactions
- Award
RESTRICTED STOCK UNITS
2004-03-02+20,000→ 0 totalExp: 2014-03-02→ COMMON STOCK (20,000 underlying) - Disposition to Issuer
RESTRICTED STOCK UNITS
2005-07-01−170,000→ 0 total→ COMMON STOCK (170,000 underlying) - Award
RESTRICTED STOCK UNITS
2003-04-18+50,000→ 0 totalExp: 2011-12-03→ COMMON STOCK (50,000 underlying) - Disposition to Issuer
COMMON STOCK
2003-04-18−50,000→ 0 total - Disposition to Issuer
COMMON STOCK
2003-02-25−75,000→ 0 total - Disposition to Issuer
COMMON STOCK
2004-03-02−20,000→ 0 total - Disposition to Issuer
COMMON STOCK
2005-01-19−25,000→ 0 total - Disposition to Issuer
COMMON STOCK
2005-07-01−30,000→ 0 total - Award
RESTRICTED STOCK UNITS
2003-02-26+75,000→ 0 totalExp: 2013-02-25→ COMMON STOCK (75,000 underlying) - Award
RESTRICTED STOCK UNITS
2005-01-19+25,000→ 0 totalExp: 2015-01-20→ COMMON STOCK (25,000 underlying) - Disposition to Issuer
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
2005-07-01−15,000→ 0 totalExercise: $12.70Exp: 2015-01-20→ COMMON STOCK (15,000 underlying) - Disposition to Issuer
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
2005-07-01−100,000→ 0 totalExercise: $8.00Exp: 2013-02-25→ COMMON STOCK (100,000 underlying) - Disposition to Issuer
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
2005-07-01−225,000→ 0 totalExercise: $6.25Exp: 2010-06-16→ COMMON STOCK (225,000 underlying)
Footnotes (9)
- [F1]Pursuant to a Restricted Stock Deferral Agreement dated April 18, 2003, 50,000 shares of restricted common stock of the Issuer were surrendered to the Issuer in exchange for the credit of restricted stock units under the Issuer's Executive Deferred Compensation Plan representing the right to receive 50,000 shares of common stock of the Issuer. The shares of restricted stock surrendered to the Issuer were cancelled and retired. These transactions were not previously reported on a Form 4.
- [F2]Pursuant to a Restricted Stock Deferral Agreement dated February 26, 2003, 75,000 shares of restricted common stock of the Issuer were surrendered to the Issuer in exchange for the credit of restricted stock units under the Issuer's Executive Deferred Compensation Plan representing the right to receive 75,000 shares of common stock of the Issuer. The shares of restricted stock surrendered to the Issuer were cancelled and retired. These transactions were not previously reported on Form 4.
- [F3]Pursuant to a Restricted Stock Deferral Agreement dated March 2, 2004, 20,000 shares of restricted common stock of the Issuer were surrendered to the Issuer in exchange for the credit of restricted stock units under the Issuer's Executive Deferred Compensation Plan representing the right to receive 20,000 shares of common stock of the Issuer. The shares of restricted stock surrendered to the Issuer were cancelled and retired. These transactions were not previously reported on Form 4.
- [F4]Pursuant to a Restricted Stock Deferral Agreement dated January 19, 2005, 25,000 shares of restricted common stock of the Issuer were surrendered to the Issuer in exchange for the credit of restricted stock units under the Issuer's Executive Deferred Compensation Plan representing the right to receive 25,000 shares of common stock of the Issuer. The shares of restricted stock surrendered to the Issuer were cancelled and retired. These transactions were not previously reported on a Form 4.
- [F5]Disposed of pursuant to Agreement and Plan of Merger by and among SEACOR Holdings Inc. ("SEACOR"), SBLK Acquisition Corp., CORBULK LLC and Issuer dated as of March 16, 2005 (the "Merger Agreement") in exchange for $120,000.00 in cash and 8,082 shares of SEACOR common stock having a market value of $64.30 per share on the effective date of the merger.
- [F6]These restricted stock units were assumed by SEACOR in connection with the merger and replaced with restricted stock units representing the right to receive 45,798 shares of SEACOR common stock and $680,000.00 in cash.
- [F7]This option, which provided for vesting in three equal annual installments beginning January 20, 2006, was converted into an option to purchase 4,041 shares of SEACOR common stock for $47.14 per share and receive $60,000.00 in cash pursuant to the Merger Agreement.
- [F8]This option, which provided for vesting in three equal annual installments beginning February 25, 2004, was converted into an option to purchase 26,940 shares of SEACOR common stock for $29.70 per share and receive $400,000.00 in cash pursuant to the Merger Agreement.
- [F9]This option, which provided for vesting in two equal installments on January 1, 2001 and December 31, 2002, was to converted into an option to purchase 60,615 shares of SEACOR common stock for $23.20 per share and receive $900,000.00 in cash pursuant to the Merger Agreement.
Documents
Issuer
SEABULK INTERNATIONAL INC
CIK 0000922341
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000922341
Filing Metadata
- Form type
- 4
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 6, 9:30 PM ET
- Size
- 30.2 KB