COWAN JOEL H 4
4 · WORLD AIR HOLDINGS, INC. · Filed Aug 28, 2006
Insider Transaction Report
Form 4
COWAN JOEL H
Director
Transactions
- Award
Common Stock
2006-08-16$7.44/sh+3,100$23,064→ 3,100 total
Holdings
- 10,000
Stock Options (right to buy)
Exercise: $1.13Exp: 2008-03-21→ Common Stock (10,000 underlying) - 54,070(indirect: H & C Trading)
Common Stock
Footnotes (5)
- [F1]As filed on Form 8-K with the United States Securities and Exchange Commission on August 22, 2006, Mr. Joel H. Cowan, 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; Mr. Cowan holds 10,000 options which were granted on 3/22/2000. All options are fully vested and exercisable.
- [F4]For informational purposes only; Mr. Cowan holds 10,000 options which were granted on 02/13/2003. All options are fully vested and exercisable.
- [F5]For informational purposes only; Mr. Cowan holds 10,000 options which were granted on 5/6/2004. All options are fully vested and exercisable.