4//SEC Filing
SEABULK INTERNATIONAL INC 4
Accession 0001209191-05-035900
CIK 0000922341operating
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 9:41 PM ET
Size
22.6 KB
Accession
0001209191-05-035900
Insider Transaction Report
Form 4
DESOSTOA VINCENT J
CFO/SVP
Transactions
- Disposition to Issuer
RESTRICTED STOCK UNITS
2005-07-01−22,400→ 0 total→ COMMON STOCK (22,400 underlying) - Disposition to Issuer
COMMON STOCK
2005-01-20−10,000→ 0 total - Disposition to Issuer
COMMON STOCK
2003-12-02−2,400→ 0 total - Award
RESTRICTED STOCK UNITS
2004-12-12+10,000→ 0 totalExp: 2015-01-20→ COMMON STOCK (10,000 underlying) - Disposition to Issuer
COMMON STOCK
2002-12-17−10,000→ 0 total - Award
RESTRICTED STOCK UNITS
2003-12-02+2,400→ 0 totalExp: 2014-03-02→ COMMON STOCK (2,400 underlying) - Award
RESTRICTED STOCK UNITS
2002-12-17+10,000→ 0 totalExp: 2013-02-25→ COMMON STOCK (10,000 underlying) - Disposition to Issuer
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
2005-07-01−12,000→ 0 totalExercise: $12.70Exp: 2015-01-20→ COMMON STOCK (12,000 underlying) - Disposition to Issuer
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
2005-07-01−70,000→ 0 totalExercise: $8.00Exp: 2013-02-25→ COMMON STOCK (70,000 underlying)
Footnotes (6)
- [F1]Pursuant to a Restricted Stock Deferral Agreement dated December 12, 2004, 10,000 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 10,000 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.
- [F2]Pursuant to a Restricted Stock Deferral Agreement dated December 2, 2003, 2,400 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 2,400 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 December 17, 2002, 10,000 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 10,000 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]These restricted stock units were assumed by SEACOR Holdings Inc. ("SEACOR") in connection with the merger of a wholly owned subsidiary of SEACOR with an into the Issuer pursuant to the Agreement and Plan of Merger by and among SEACOR, SBLK Acquisition Corp., CORBULK LLC and the Issuer dated as of March 16, 2005 (the "Merger Agreement"), and replaced with restricted stock units representing the right to receive 6,035 shares of SEACOR common stock and $89,600.00 in cash.
- [F5]This option, which provided for vesting in three equal annual installments beginning January 20, 2006, was converted into an option to purchase 3,033 shares of SEACOR common stock for $47.14 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 February 25, 2004, was converted into an option to purchase 18,858 shares of SEACOR common stock for $29.70 per share and receive $280,000.00 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, 9:41 PM ET
- Size
- 22.6 KB