HOLLY CORP 4
4 · HOLLY CORP · Filed May 29, 2007
Insider Transaction Report
Form 4
HOLLY CORPHOC
REID JACK P
Director
Transactions
- Award
Common Stock
2007-05-25+1,737→ 90,287 total
Holdings
- 515,176(indirect: By Partnership)
Common Stock
Footnotes (2)
- [F1]Restricted stock units granted under the Holly Corporation Long-Term Incentive Compensation Plan which are subject to restrictions that will lapse in 25% increments every three months until fully vested one year following the date of grant, provided the reporting person has continued serving as a member of the company?s board of directors (the "Board") until the end of such 3-month period, and which will be paid in the month following the reporting person?s cessation of service as a member of the Board for any reason or, if earlier, on the third anniversary of the transaction date of this report (the date of grant), in the form of a lump sum payment in shares of the company?s stock equal to the number of vested restricted stock units that were awarded.
- [F2]A joint account held by the reporting owner and his spouse held in the name of the Reid Family Limited Partnership, of which the reporting owner is a general partner.