LEAR CORP 4
4 · LEAR CORP · Filed Nov 13, 2006
Insider Transaction Report
Form 4
LEAR CORPLEA
Brackenbury James M
Pres Glbl JIT Ops New ProdEng
Transactions
- Exercise/Conversion
Restricted Stock Units
2006-11-13−4,320→ 4,320 total→ Common Stock (4,320 underlying) - Exercise/Conversion
Common Stock
2006-11-13+4,320→ 6,456 total - Award
Restricted Stock Units
2006-11-09+6,300→ 6,300 total→ Common Stock (6,300 underlying) - Award
Stock Appreciation Rights
2006-11-09+18,900→ 18,900 totalExercise: $31.32→ Common Stock (18,900 underlying) - Tax Payment
Common Stock
2006-11-13$33.10/sh−1,143$37,833→ 5,313 total
Holdings
- 1,108(indirect: By 401(k))
Common Stock
Footnotes (4)
- [F1]Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. One-half of the restricted stock units granted on November 13, 2003 vested and settled in stock on November 13, 2006. Other than amounts withheld to satisfy tax obligations, these shares have not been disposed of. One-half will vest and settle in stock on November 13, 2008.
- [F2]The Stock Appreciation Rights (SARs) were granted under the Long-Term Stock Incentive Plan and have a term of seven years from the date of grant. The SARs vest three years from the date of grant.
- [F3]1-for-1
- [F4]The restricted stock units were granted under the Lear Corporation Long-Term Stock Incentive Plan. One-half of the units vest and settle two years from the date of grant, and one-half of the units vest and settle four years from the date of grant.