CSK AUTO CORP 4
4 · CSK AUTO CORP · Filed Jun 15, 2007
Insider Transaction Report
Form 4
Mondry Lawrence N
Incoming President and CEO
Transactions
- Award
Common Stock
2007-06-13$18.66/sh+75,000$1,399,125→ 75,000 total - Award
Non-qualified stock options
2007-06-13+300,000→ 300,000 totalExercise: $18.66Exp: 2014-06-13→ Common Stock (300,000 underlying)
Footnotes (3)
- [F1]Grant of 75,000 Restricted Stock Units (RSUs) upon hire as incoming President and Chief Executive Officer of the Company. Each RSU represents the right to receive one share of Common Stock subject to terms of governing RSU Agreement. Subject to certain conditions, one-third of the RSUs will vest and be issued on the first anniversary of the grant date, one-third of the RSUs will vest and be issued on the second anniversary of the grant date, and one-third of the RSUs will vest and be issued on the third anniversary of the grant date. These RSUs were granted as an employment inducement grant, not under any stock incentive plan adopted by the Company.
- [F2]Grant of 300,000 stock options upon hire as incoming President and Chief Executive Officer of the Company. This option grant becomes vested and exercisable at the rate of one-third on 6/13/2008, one-third on 6/13/2009 and one-third on 6/13/2010. The option was granted as an employment inducement grant, not under any stock incentive plan adopted by the Company.
- [F3]$0.00 is used for technical reasons as there is no price for this derivative security until vested and/or exercised.