HealthMarkets, Inc. 4
4 · HealthMarkets, Inc. · Filed Jul 7, 2006
Insider Transaction Report
Form 4
COLLIFLOWER MICHAEL
Senior Vice President
Transactions
- Disposition to Issuer
Stock Option
2006-04-11−15,000→ 0 totalExercise: $33.57From: 2006-07-06Exp: 2010-10-04→ Class A-1 Common Stock (15,000 underlying) - Award
Stock Option
2006-04-11+1,854→ 1,854 totalExercise: $9.25From: 2006-07-06Exp: 2010-10-04→ Class A-1 Common Stock (1,854 underlying)
Footnotes (1)
- [F1]The two reported transactions involved an amendment to an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The exercise price of the original option ($33.57) and the number of Class A-1 common shares issuable upon exercise of such option (15,000) were adjusted in a manner that preserves the aggregate "in the money" value of the option. The option otherwise remains subject in all respects to the terms of the 1987 Restated and Amended Stock Option Plan.