Chaparral Steel CO 4
4 · Chaparral Steel CO · Filed Jul 27, 2005
Insider Transaction Report
Form 4
Hughes J Celtyn
VP & Chief Financial Officer
Transactions
- Sale
Common Stock, $0.01 par value per share
2005-07-25−138.995→ 1,089.524 total
Footnotes (2)
- [F1]The reporting person sold 138.9951 shares of Texas Industries, Inc. (TXI) common stock from a TXI employee stock purchase program. The reporting person also sold the attached dividend rights to recieve Chaparral Steel Company common stock, $0.01 par value per share, in connection with the anticipated spin-off of Chaparral Steel Company from TXI. The price at which the TXI stock was sold was $72.53 per share. The price at which Chaparral Steel Company's stock opened on July 25, 2005 was $20.40 and the price at which it closed was $19.05.
- [F2]This amount reflects the number of shares of common stock that will be owned as a result of the spin-off of Chaparral Steel Company from Texas Industries, Inc., which is expected to be completed on July 29, 2005. The spin-off will be accomplished through a dividend of one share of common stock, $0.01 par value per share, of Chaparral Steel Company for each share of Texas Industries, Inc. The record date for the dividend was July 20, 2005.