SEABULK INTERNATIONAL INC 4
4 · SEABULK INTERNATIONAL INC · Filed Jul 6, 2005
Insider Transaction Report
Form 4
TWAITS ALAN R
SVP/SECY/GC
Transactions
- Disposition to Issuer
COMMON STOCK
2005-07-01−20,823→ 0 total - Disposition to Issuer
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
2005-07-01−12,000→ 0 totalExercise: $3.95Exp: 2011-12-03→ COMMON STOCK (12,000 underlying) - Disposition to Issuer
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
2005-07-01−10,000→ 0 totalExercise: $7.75Exp: 2011-03-29→ COMMON STOCK (10,000 underlying) - Tax Payment
COMMON STOCK
2005-03-02−177→ 0 total - Disposition to Issuer
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
2005-07-01−9,000→ 0 totalExercise: $12.60Exp: 2015-01-20→ COMMON STOCK (9,000 underlying) - Disposition to Issuer
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
2005-07-01−60,000→ 0 totalExercise: $8.00Exp: 2013-02-25→ COMMON STOCK (60,000 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 $81,332.00 in cash and 5,478 shares of SEACOR common stock having a market value of $64.30 per share on the effective date of the merger.
- [F2]Represents 177 shares of the Issuer's common stock surrendered to the Issuer as payment of Reporting Person's tax liability upon the vesting of 667 shares of restricted stock at a price of $19.60 per share.
- [F3]This option, which provided for vesting in three equal annual installments beginning January 20, 2006, was converted into an option to purchase 2,425 shares of SEACOR common stock for $46.77 per share and receive $36,000.00 in cash pursuant to the Merger Agreement.
- [F4]This option, which provided for vesting in four equal annual installments beginning February 25, 2004, was converted into an option to purchase 16,164 shares of SEACOR common stock for $29.70 per share and receive $240,000.00 in cash pursuant to the Merger Agreement.
- [F5]This option, which provided for vesting in three equal annual installments beginning December 2, 2002, was converted into an option to purchase 3,233 shares of SEACOR common stock for $14.66 per share and receive $48,000.00 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 2,694 shares of SEACOR common stock for $28.77 per share and receive $40,000.00 in cash pursuant to the Merger Agreement.