MESTEK INC 4
4 · MESTEK INC · Filed Jun 21, 2005
Insider Transaction Report
Form 4
MESTEK INCMCC
DEWEY R BRUCE
President & COO
Transactions
- Exercise/Conversion
common stock
2005-06-20$13.75/sh+5,000$68,750→ 26,307 total - Exercise/Conversion
common stock
2005-06-20$17.85/sh+50,000$892,500→ 76,169 total - Exercise/Conversion
stock option
2005-06-20−5,000→ 0 totalExercise: $13.75Exp: 2006-03-20→ common stock (5,000 underlying) - Tax Payment
common stock
2005-06-20$26.60/sh−36,138$961,271→ 40,169 total - Exercise/Conversion
stock option
2005-06-20−25,000→ 0 totalExercise: $17.85Exp: 2009-01-04→ common stock (25,000 underlying)
Footnotes (3)
- [F1]The options provided for vesting in five equal installments beginning one year after the date of grant.
- [F2]The options provided for vesting in five equal installments beginning one year after the date of grant. Subsequently on March 7, 2005, the Compensation Committee of Mestek, Inc. authorized and directed an immediate vesting of all unvested options as of such date.
- [F3]Shares were withheld and cancelled by the Company in a "cashless exercise" as payment for 18,862 shares received by the reporting person.