4//SEC Filing
CSK AUTO CORP 4
Accession 0001209191-07-067600
CIK 0001051848operating
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 3:59 PM ET
Size
16.2 KB
Accession
0001209191-07-067600
Insider Transaction Report
Form 4
WARD DALE D
Senior Vice President
Transactions
- Tax Payment
Common Stock
2007-11-30$9.75/sh−658$6,416→ 25,007 total
Holdings
- 9,150
Non-Qualified Stock Option (right to buy)
Exercise: $14.00Exp: 2007-12-31→ Common Stock (9,150 underlying) - 28,676
Non-Qualified Stock Option (right to buy)
Exercise: $16.35Exp: 2012-06-28→ Common Stock (28,676 underlying) - 70,209
Non-Qualified Stock Option (right to buy)
Exercise: $10.79Exp: 2014-10-20→ Common Stock (70,209 underlying) - 37,741
Non-Qualified Stock Option (right to buy)
Exercise: $16.61Exp: 2013-11-30→ Common Stock (37,741 underlying) - 4,125
Non-Qualified Stock Option (right to buy)
Exercise: $9.87Exp: 2009-05-05→ Common Stock (4,125 underlying) - 40,935
Non-Qualified Stock Option (right to buy)
Exercise: $13.32Exp: 2011-10-18→ Common Stock (40,935 underlying) - 187,500
Incentive Bonus Unit
Exercise: $20.00→ Incentive Bonus Unit (187,500 underlying)
Footnotes (7)
- [F1]Represents shares of restricted stock granted November 30, 2006 (the "Grant Date") surrendered to the Company solely for the purpose of satisfying tax obligations arising upon the vesting of a portion of the restricted shares awarded on the Grant Date.
- [F2]Includes 16,067 shares of Restricted Common Stock, which is subject to vesting.
- [F3]Subject to certain conditions, this option grant becomes vested and exercisable at a rate of one-third on 10/20/2008, one-third on 10/20/2009, and one-third on 10/20/2010.
- [F4]Subject to certain conditions, this option grant becomes vested and exercisable at the rate of one-third on 11/30/2007, one-third on 11/30/2008, and one-third on 11/30/2009.
- [F5]On January 29, 2006, the Company accelerated the vesting of all stock option grants with an exercise price greater than $15.90 per share, which includes this option grant with an exercise price of $16.35. Shares under this option grant are subject to a sale restriction that prohibits the option holder from selling the shares until the original vesting date. Accordingly, the option holder may only sell up to 1/3 of the original grant on or after 6/28/06, up to 2/3 of the original grant on or after 6/28/07 and up to the full amount of the original grant on or after 6/28/08.
- [F6]The reported incentive bonus units will become vested with respect to 25% of the total number of incentive bonus units granted on May 15 of each of the calendar years 2007, 2008, 2009 and 2010, and will entitle the reporting person to receive a distribution of cash equal in value to the amount by which the average of the per share closing prices of the Company's common stock over a specified period of time exceeds the base value of $20.00 (which is subject to adjustment in the event of a change in the Company's capitalization). In the event the formula decribed above results in no payment to the reporting person on a vesting date, then the incentive bonus units vesting on such date will be forfeited without consideration. On May 15, 2007, the formula described above resulted in no payment to the reporting person. Accordingly, on May 15, 2007, the reporting person forfeited 25% of his total incentive bonus units.
- [F7]This option grant is fully vested.
Documents
Issuer
CSK AUTO CORP
CIK 0001051848
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001051848
Filing Metadata
- Form type
- 4
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 3:59 PM ET
- Size
- 16.2 KB