Hamill Madeline E 4
4 · WORLD AIR HOLDINGS, INC. · Filed Aug 28, 2006
Insider Transaction Report
Form 4
Hamill Madeline E
Director
Transactions
- Award
Common Stock
2006-08-16$7.44/sh+3,100$23,064→ 3,100 total
Holdings
- 10,000
Stock Options (rightto buy)
Exercise: $7.53Exp: 2015-05-04→ Common Stock (10,000 underlying)
Footnotes (3)
- [F1]As filed on Form 8-K with the United States Securities and Exchange Commission on August 22, 2006, Madeline E. Hamill, a non-employee member of the Board of Directors, was awarded 3,100 shares of restricted common stock. Such shares of restricted common stock vest on the first anniversary of the date of award but, prior to vesting, are forfeited in the non-employee director ceases to serve as a member of the Board for any reason.
- [F2]The closing price of WLDA common stock was $7.44 on August 16, 2006.
- [F3]For Informational purposes only; Ms. Hamill received a grant of 10,000 options on 5/05/2005 according to the terms of the World Air Holdings, Inc., Non-Employee Directors' Stock Option Plan. As long as Ms. Hamill serves as a member of the Board of Directors, the Option will become exerciseable in thirty-six monthly installments beginning with the first day of the month following the Award Date and continuing on the first day of each of the next thirty-five months. Each installment will equal 277 shares with the 36th installment being 305 shares. 4,155 are currently vested and exerciseable.