ERAZMUS WALTER T 4
4 · GIBRALTAR STEEL CORP · Filed Aug 14, 2003
Insider Transaction Report
Form 4
ERAZMUS WALTER T
Other
Transactions
- Sale
Common stock
2003-08-13$22.75/sh−4,000$91,000→ 11,000 total - Exercise/Conversion
Option (right to buy)
2003-08-13$11.00/sh−5,375$59,125→ 0 totalExercise: $11.00From: 1996-11-06Exp: 2005-11-05→ Common stock (5,375 underlying) - Exercise/Conversion
Common stock
2003-08-13$11.00/sh+5,375$59,125→ 16,375 total
Footnotes (2)
- [F1]Reporting person also owns 800 shares of common stock indirectly in an Individual Retirement Account for the benefit of the reporting person; 500 shares of common stock indirectly in an Individual Retirement Account for the benefit of the reporting person's wife; and 5,564.53 shares of common stock indirectly in the Gibraltar Steel Corporation 401(k) Savings Plan.
- [F2]Reporting person has also been granted the following options to purchase shares of common stock under the Gibraltar Steel Corporation Incentive Stock Option Plan, which options are exercisable at the rate of 25% per year: Option to buy 15,000 shares of common stock at an exercise price of $16.75 exercisable from 7/8/1997 to 7/7/2006; Option to buy 15,000 shares of common stock at an exercise price of $21.75 per share, exercisable from 7/8/1998 to 7/8/2007; option to buy 2,500 shares of common stock at an exercise price of $22.50 per share, exercisable from 3/27/1999 to 3/27/2008; option to buy 15,000 shares of common stock at an exercise price of $15.625 per share, exercisable from 10/8/1999 to 10/7/2008; option to buy 12,500 shares of common stock at an exercise price of $14.07, exercisable from 7/18/2001 to 7/18/2010.