HANDLEMAN CO /MI/ 4
4 · HANDLEMAN CO /MI/ · Filed Jul 19, 2005
Insider Transaction Report
Form 4
ALBRECHT MARK J
Sr. VP - Human Resources
Transactions
- Exercise/Conversion
Employee stock option (right to buy)
2005-07-18−2,068→ 0 totalExercise: $11.82From: 2005-06-04Exp: 2012-06-03→ Common stock one cent par value (2,068 underlying) - Exercise/Conversion
Common stock one cent par value
2005-07-18$11.82/sh+2,068$24,454→ 11,360 total - Tax Payment
Common stock one cent par value
2005-07-18$17.15/sh−1,622$27,817→ 9,738 total
Holdings
- 2,485(indirect: By 401(k))
Common stock one cent par value
Footnotes (3)
- [F1]Reflects the transfer of 223 shares of Handleman Company common stock by the reporting person to his ex-wife pursuant to a domestic relations order.
- [F2]Reflects payment of the exercise price and tax liability on the options exercised on 07/18/2005 by withholding common stock incident to the exercise of the options issued in accordance with rule 16b-3.
- [F3]Between 06/30/2005 and 07/18/2005 the reporting person acquired 399 shares of Handleman Company common stock under the Handleman Company 401(k) Plan. The information in this report is based on a 401(k) Plan report dated 07/18/2005.