HOWELL MICHAEL W D 4
4 · WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP · Filed May 21, 2013
Insider Transaction Report
Form 4
HOWELL MICHAEL W D
Director
Transactions
- Sale
Common Stock - Direct
2013-05-20$111.18/sh−4,000$444,712→ 5,558.585 total - Exercise/Conversion
Non-Qualified Stock Options
2013-05-20−4,000→ 0 totalExercise: $39.73From: 2012-01-02Exp: 2019-01-02→ Common Stock (4,000 underlying) - Exercise/Conversion
Common Stock - Direct
2013-05-20$39.73/sh+4,000$158,900→ 9,558.585 total
Holdings
- 5,422.185
Phantom Stock
→ Common Stock (5,422.185 underlying)
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.09 to $111.27 inclusive. The reporting person undertakes to provide to Westinghouse Air Brake Technologies Corporation ("Wabtec"), any security holder of Wabtec, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.
- [F2]Each share of Phantom Stock represents a right to receive one share of common stock of the issuer.
- [F3]The phantom stock becomes payable according to the election of payment designation that was filed by the reporting person subject to the Westinghouse Air Brake Technologies Corporation Deferred Compensation Plan for Executive Officers and Directors. Such payment will be either lump sum or in annual installments commencing on the separation from service payment commencement date as defined in the Plan, and as elected by the reporting person.