CLAIBORNE LIZ INC 4
4 · CLAIBORNE LIZ INC · Filed May 19, 2008
Insider Transaction Report
Form 4
McTague David
Executive Vice President
Transactions
- Award
Options
2008-05-14+120,000→ 120,000 totalExercise: $19.43→ Common Stock, par value $ per share (120,000 underlying)
Footnotes (1)
- [F1]These options to purchase shares of Issuer's Common Stock granted under the Liz Claiborne 2005 Stock Incentive Plan vest as follows: 1/4 on each of the first and second anniversary, and the remaining 1/2 on the third anniversary; these options expire on the seventh anniversary. These options were initially authorized during a trading black-out period. In accordance with Issuer's equity grant policy, the exercise price for these options is the higher of the closing price on the authorization date and the closing price on the date the black-out period expired.