4//SEC Filing
BURESH LARRY L 4
Accession 0001209191-06-038908
CIK 0001051848other
Filed
Jun 29, 8:00 PM ET
Accepted
Jun 30, 6:16 PM ET
Size
17.4 KB
Accession
0001209191-06-038908
Insider Transaction Report
Form 4
BURESH LARRY L
Senior Vice President - CIO
Transactions
- Tax Payment
Common Stock
2006-06-28$12.10/sh−475$5,748→ 33,555 total
Holdings
- 17,000
Non-Qualified Stock Option (right to buy)
Exercise: $11.00Exp: 2009-02-09→ Common Stock (17,000 underlying) - 12,500
Non-Qualified Stock Option (right to buy)
Exercise: $9.87Exp: 2009-05-05→ Common Stock (12,500 underlying) - 27,555
Non-Qualified Stock Option (right to buy)
Exercise: $16.35Exp: 2012-06-28→ Common Stock (27,555 underlying) - 250,000
Incentive Bonus Unit
Exercise: $20.00→ Common Stock (250,000 underlying) - 25,000
Non-Qualified Stock Option (right to buy)
Exercise: $11.00From: 2002-02-09Exp: 2009-02-09→ Common Stock (25,000 underlying) - 9,150
Non-Qualified Stock Option (right to buy)
Exercise: $14.00Exp: 2007-01-21→ Common Stock (9,150 underlying) - 38,141
Non-Qualified Stock Option (right to buy)
Exercise: $13.32Exp: 2011-10-18→ Common Stock (38,141 underlying) - 1,250
Non-Qualified Stock Option (right to buy)
Exercise: $11.00From: 2002-02-09Exp: 2009-02-09→ Common Stock (1,250 underlying)
Footnotes (6)
- [F1]Represents shares of restricted stock granted June 28, 2005 (the "Grant Date") surrendered to the Company solely for the purpose of satisfying tax obligations arising upon the vesting of a portion of the restricted shares awarded on the Grant Date.
- [F2]Includes 6550 shares of Restricted Common Stock, which is subject to vesting.
- [F3]On January 29, 2006, the Company accelerated the vesting of all stock options with an exercise price greater than $15.90 per share (i.e., all "underwater" options as of the close of market on January 27, 2006, the previous business day), which includes this option grant with an exercise price of $16.35. Sales of such shares by officers and employees may not occur until the original vesting dates, and sales of any such shares by officers and employees who terminate their employment with the Company (subject to certain exceptions in the case of retirement, death, disability and change of control) are disallowed for 3 years following the later of the date of their termination of employment and their exercise of the options. Accordingly, the option holder may only sell up to 1/3 of the original grant on or after 6/28/06, up to 2/3 of the original grant on or after 6/28/07 and up to the full amount of the original grant on or after 6/28/08.
- [F4]The reported incentive bonus units will become vested with respect to 25% of the total number of incentive bonus units granted on May 15 of each of the calendar years 2007, 2008, 2009 and 2010, and will entitle the reporting person to receive a distribution of cash equal in value to the amount by which the average of the per share closing prices of the Company's common stock over a specified period of time exceeds the base value of $20.00 (which is subject to adjustment in the event of a change in the Company's capitalization). In the event the formula decribed above results in no payment to the reporting person on a vesting date, then the incentive bonus units vesting on such date will be forfeited without consideration.
- [F5]This option grant is fully vested.
- [F6]This option grant becomes vested and exercisable at a rate of one-third on 10/18/2005, one-third on 10/18/2006, and one-third on 10/18/2007.
Documents
Issuer
CSK AUTO CORP
CIK 0001051848
Entity typeother
Related Parties
1- filerCIK 0001200327
Filing Metadata
- Form type
- 4
- Filed
- Jun 29, 8:00 PM ET
- Accepted
- Jun 30, 6:16 PM ET
- Size
- 17.4 KB