SEABULK INTERNATIONAL INC 4
4 · SEABULK INTERNATIONAL INC · Filed Jul 6, 2005
Insider Transaction Report
Form 4
PELLICCI MICHAEL J
SVP/CONTROLLER
Transactions
- Disposition to Issuer
COMMON STOCK
2005-07-01−7,000→ 0 total - Disposition to Issuer
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
2005-07-01−9,000→ 0 totalExercise: $12.70Exp: 2015-01-20→ COMMON STOCK (9,000 underlying) - Disposition to Issuer
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
2005-07-01−1,000→ 0 totalExercise: $7.75Exp: 2011-03-29→ COMMON STOCK (1,000 underlying) - Disposition to Issuer
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
2005-07-01−15,000→ 0 totalExercise: $10.00Exp: 2014-03-02→ COMMON STOCK (15,000 underlying) - Disposition to Issuer
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
2005-07-01−10,000→ 0 totalExercise: $7.29Exp: 2013-02-25→ COMMON STOCK (10,000 underlying) - Disposition to Issuer
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
2005-07-01−4,000→ 0 totalExercise: $3.95Exp: 2011-12-03→ COMMON STOCK (4,000 underlying)
Footnotes (6)
- [F1]Disposed of pursuant to Merger Agreement among Issuer, SEACOR Holdings Inc. ("SEACOR"), SBLK Acquisition Corp. and CORBULK LLC dated as of March 16, 2005 (the "Merger Agreement") in exchange for $28,000.00 in cash and 1,886 shares of SEACOR common stock having a market value of $64.30 per share on the effective date of the merger.
- [F2]This option, which provided for vesting in three equal installments beginning January 20, 2006, was converted into an option to purchase 2,425 shares of SEACOR common stock for $47.14 per share and receive $36,000.00 in cash pursuant to the Merger Agreement.
- [F3]This option, which provided for vesting in three equal installments beginning March 2, 2005, was converted into an opton purchase 4,041 shares of SEACOR common stock for $37.12 per share and receive $60,000.00 in cash pursuant to the Merger Agreement.
- [F4]This option, which provided for vesting in three equal annual installments beginning February 25, 2004, was assumed by SEACOR pursuant to the Merger Agreementand replaced with an option to purchase 2,694 shares of SEACOR common stock for $27.06 per share and receive $40,000.00 in cash.
- [F5]This option, which provided for vesting in three equal annual installments beginning December 3, 2002, was converted into an option to purchase 1,078 shares of SEACOR common stock for $14.66 per share and receive $16,000.00 in cash pursuant to the Merger Agreement.
- [F6]This option, which provided for vesting in three equal annual installments beginning March 29, 2002, was converted into an option to purchase 269 shares of SEACOR common stock for $28.77 per share and receive $4,000 in cash pursuant to the Merger Agreement.