Murdock Justin M. 4
4 · DOLE FOOD CO INC · Filed May 10, 2011
Insider Transaction Report
Form 4
DOLE FOOD CO INCDOLE
Murdock Justin M.
Director
Transactions
- Disposition to Issuer
Common Stock
2011-01-28−16,875→ 0 total - Disposition to Issuer
Stock Option
2011-01-28−35,333→ 40,917 totalExercise: $12.50Exp: 2019-10-22→ Common Stock (35,333 underlying) - Disposition to Issuer
Stock Option
2011-05-06$13.99/sh−17,667$247,161→ 0 totalExercise: $12.50From: 2010-10-22Exp: 2019-10-22→ Common Stock (17,667 underlying) - Disposition to Issuer
Stock Option
2011-01-28−23,250→ 17,667 totalExercise: $9.74Exp: 2020-11-29→ Common Stock (23,250 underlying)
Footnotes (4)
- [F1]Justin M. Murdock's restricted stock, all of which was unvested, and all of his unvested stock options, were automatically forfeited upon his January 28, 2011 resignation as an officer and employee of the Company, all in accordance with the Company's 2009 Stock Incentive Plan, as amended.
- [F2]Justin M. Murdock's 17,667 vested stock options were cancelled in exchange for payment by the Company of the spread between the $13.99 per share closing stock price on May 6, 2011 (the first open Window Period day following his resignation as an officer and employee of the Company), and the $12.50 per share exercise price of the options, all in accordance with the Company's 2009 Stock Incentive Plan, as amended, and unanimous action by the Corporate Compensation and Benefits Committee of the Company's Board of Directors. All three of the members of the Corporate Compensation and Benefits Committee are Non-Employee Directors as defined in Rule 16b-3(b)(3).
- [F3]Vesting in two equal annual installments commencing on October 22, 2011.
- [F4]Vesting in three equal annual installments commencing on November 29, 2011.