KAYDON CORP 4
4 · KAYDON CORP · Filed Feb 23, 2009
Insider Transaction Report
Form 4
KAYDON CORPKDN
DECHANTS PETER C
Senior V. Pres., Corp. Devel.
Transactions
- Award
Stock option (right to buy)
2009-02-19+15,000→ 15,000 totalExercise: $25.43From: 2010-02-19Exp: 2019-02-19→ Common stock (15,000 underlying) - Award
Common Stock
2009-02-19+12,500→ 69,473 total
Footnotes (3)
- [F1]Restricted stock grant. 20% of shares granted vest each year, with first vesting occurring on 1/5/2010.
- [F2]Includes 30,100 shares subject to restrictions and forfeiture.
- [F3]Option granted pursuant to the Kaydon 1999 Long Term Stock Incentive Plan. The option is exercisable in annual installments on a cumulative basis. On the first anniversary date of the grant date, the option becomes exercisable with respect to 3,000 shares of Common Stock. On each anniversary date thereafter, the option becomes exercisable with respect to an additional 3,000 shares of Common Stock with the result that the option will be exercisable with respect to all 15,000 shares of Common Stock on the fifth anniversary date of the grant date.