4//SEC Filing
Quinn Martin 4
Accession 0001209191-09-018362
CIK 0000850660other
Filed
Mar 24, 8:00 PM ET
Accepted
Mar 25, 6:59 PM ET
Size
13.3 KB
Accession
0001209191-09-018362
Insider Transaction Report
Form 4
Quinn Martin
EVP-Global Sales & Marketing
Transactions
- Award
Common Stock
2009-03-23+12,400→ 31,259 total - Award
Stock Option-Right to Buy
2009-03-23+4,100→ 80,810 totalExercise: $4.98Exp: 2019-03-10→ Common Stock (4,100 underlying)
Footnotes (3)
- [F1]The restricted stock component of the 2009 long-term incentive award has a vesting opportunity based upon return on invested operating capital ("ROIOC") performance milestones over the next five years. The ROIOC measure is calculated for each performance year and vesting is determined in March following the performance year. For each performance year, 100% of the grant will vest if the Company achieves 36% ROIOC, 67% of the grant will vest if the Company achieves 29% ROIOC, and 33% of the grant will vest if the Company achieves 18% ROIOC; provided, however, that in no event will more than 100% of the grant vest during the five-year vesting period. The highest ROIOC performance over the five-year period will generate the final vesting of the grant. If the Company fails to achieve 18% ROIOC, the grant will be forfeited. This award is subject to the provisions of the 2004 Stock Incentive Plan, as amended.
- [F2]The compensation committee established the exercise price for these options at $4.98 per share, which was the average of the closing price of the preceding 60 days trading.
- [F3]The 2009 stock options are time-based and will automatically vest in one-third increments on the first, second and third anniversaries of the award date. This is a time-based vesting schedule. One-third of the options vest on March 10, 2010, March 10, 2011 and March 10, 2012, respectively. This award is subject to the provisions fo the 2004 Stock Incentive Plan, as amended.
Issuer
THERMADYNE HOLDINGS CORP /DE
CIK 0000850660
Entity typeother
Related Parties
1- filerCIK 0001322728
Filing Metadata
- Form type
- 4
- Filed
- Mar 24, 8:00 PM ET
- Accepted
- Mar 25, 6:59 PM ET
- Size
- 13.3 KB