LINENS N THINGS INC 4
4 · LINENS N THINGS INC · Filed Jul 22, 2005
Insider Transaction Report
Form 4
Gilmartin Jane F
EVP, Chief Merchandising Off.
Transactions
- Award
Common Stock, par value $0.01 per share
2005-07-20+61,000→ 61,000 total - Award
Stock Options (Right to Buy)
2005-07-20+100,000→ 100,000 totalExercise: $25.84→ Common Stock (100,000 underlying) - Award
Stock Options (Right to Buy)
2005-07-20+50,000→ 50,000 totalExercise: $25.84→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]The restricted stock units were granted on July 20, 2005. These units become exercisable as follows: 7,500 on November 1, 2005, 7,500 on November 1, 2006, 7,750 on March 1, 2007, 15,000 on November 1, 2007, 7,750 on March 1, 2008, and 15,500 on March 1, 2009.
- [F2]The options were issued pursuant to the Company's New Hire Authorization and vest and are exercisable on December 31, 2005. However, the shares underlying the options become eligible for transfer in one-third increments, if and at such point, over ten days in a 30 day period, the fair market value increases by 20%, 10% and 10% over grant price, or, in any event, six years and eleven months after the date of grant.
- [F3]The options were issued pursuant to the Company's New Hire Authorization and vest in one-third annual increments beginning March 1, 2006.