Cross C Douglas 4
4 · PGT, Inc. · Filed Jul 25, 2008
Insider Transaction Report
Form 4
PGT, Inc.PGTI
Cross C Douglas
VP Vinyl Product Stream
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2008-07-23−9,423→ 0 totalExercise: $12.80Exp: 2014-03-09→ Common Stock, par value $0.01 per share (9,423 underlying) - Award
Employee Stock Option (right to buy)
2008-07-23+9,423→ 9,423 totalExercise: $3.09Exp: 2015-03-06→ Common Stock, par value $0.01 per share (9,423 underlying)
Footnotes (4)
- [F1](1) The option grant was approved by the board of directors of PGT, Inc. (the "Company") under the PGT, Inc. Equity Incentive Plan on March 6, 2008, subject to stockholder approval of the Replacement Option Agreement executed by Mr. Cross on March 6, 2008, under which the option was granted. The Company's stockholders approved the replacement option agreement on July 23, 2008.
- [F2](2) The option becomes exercisable in three equal annual installments beginning on March 6, 2009.
- [F3](3) The reporting person agreed to the cancellation of an option granted to him on March 9, 2007, in exchange for a new option having a lower exercise price.
- [F4](4) The option becomes exercisable in three equal annual installments beginning on March 9, 2008.