LORILLARD, INC. 4
4 · LORILLARD, INC. · Filed Oct 29, 2013
Insider Transaction Report
Form 4
Lewis Houghton
Vice President and Treasurer
Transactions
- Exercise/Conversion
Common Stock
2013-10-25$24.77/sh+14,016$347,176→ 58,073.55 total - Sale
Common Stock
2013-10-25$49.49/sh−18,527$916,870→ 34,722.55 total - Exercise/Conversion
Stock Appreciation Rights
2013-10-25−9,335→ 0 totalExercise: $22.59From: 2010-03-12Exp: 2019-03-12→ Common Stock (9,335 underlying) - Exercise/Conversion
Common Stock
2013-10-25$26.74/sh+14,016$374,788→ 72,089.55 total - Exercise/Conversion
Stock Appreciation Rights
2013-10-25−14,016→ 0 totalExercise: $24.77From: 2010-03-12Exp: 2019-03-12→ Common Stock (14,016 underlying) - Exercise/Conversion
Stock Appreciation Rights
2013-10-25−14,016→ 0 totalExercise: $26.74From: 2010-03-12Exp: 2019-03-12→ Common Stock (14,016 underlying) - Exercise/Conversion
Common Stock
2013-10-25$22.59/sh+9,335$210,878→ 44,057.55 total - Disposition to Issuer
Common Stock
2013-10-25$49.51/sh−18,840$932,768→ 53,249.55 total
Footnotes (3)
- [F1]Represents the shares returned to the issuer as part of the exercise of stock appreciation rights.
- [F2]The reporting person exercised 37,367 stock appreciation rights, resulting in the receipt of 18,527 shares of common stock.
- [F3]Represents the weighted average sale price. The shares were sold at prices ranging from $49.33 to $49.62. The Reporting Person undertakes to provide upon request to the SEC staff, the issuer or security holders of the issuer information regarding the number of shares and prices at which the transaction was effected.