TANDY BRANDS ACCESSORIES INC 4
4 · TANDY BRANDS ACCESSORIES INC · Filed Oct 4, 2005
Insider Transaction Report
Form 4
GAERTNER JAMES F PH D
Director
Transactions
- Award
Phantom Stock Units
2005-09-30$11.55/sh+10$116→ 4,051 totalFrom: 2008-01-02Exp: 2008-01-02→ Common Stock, $1.00 par value per share (10 underlying)
Footnotes (3)
- [F1]The phantom stock units convert to shares of common stock on a one-for-one basis.
- [F2]The phantom stock units accrued under the Tandy Brands Accessories, Inc. 1995 Stock Deferral Plan for Non-Employee Directors because of a cash dividend payable to all stockholders of record at the close of business on September 30, 2005. Pursuant to the Tandy Brands Accessories, Inc. 1995 Stock Deferral Plan for Non-Employee Directors, phantom stock units are credited, based on the amount of the cash dividend and the closing price of the Issuer's common stock on the record date, to the reporting person's bookkeeping reserve account, which account is maintained by the Issuer. The phantom stock units are to be settled on January 2, 2008.
- [F3]Pursuant to the reporting person's election, 2,048 of the aggregate phantom stock units are to be settled on January 2, 2009. The remaining 2,003 are to be settled on January 2, 2008.