ERAZMUS WALTER T 4
4 · GIBRALTAR STEEL CORP · Filed Feb 11, 2004
Insider Transaction Report
Form 4
ERAZMUS WALTER T
Other
Transactions
- Exercise/Conversion
Common stock
2004-02-10$22.50/sh+2,500$56,250→ 33,875 total - Exercise/Conversion
Option (right to buy)
2004-02-10$21.75/sh−15,000$326,250→ 0 totalExercise: $21.75From: 1998-07-08Exp: 2007-07-08→ Common stock (15,000 underlying) - Exercise/Conversion
Option (right to Buy)
2004-02-10$22.50/sh−2,500$56,250→ 0 totalExercise: $22.50From: 1999-03-27Exp: 2008-03-27→ Common stock (2,500 underlying) - Exercise/Conversion
Common stock
2004-02-10$21.75/sh+15,000$326,250→ 31,375 total - Sale
Common stock
2004-02-10$24.00/sh−17,500$420,000→ 16,375 total
Holdings
- 15,000
Option (right to buy)
Exercise: $16.75From: 1997-07-08Exp: 2006-07-07→ Common stock (15,000 underlying) - 500(indirect: By Spouse)
Common stock
- 800(indirect: Individual Retirement Account)
Common stock
- 12,500
Option (right to buy)
Exercise: $14.07From: 2001-07-18Exp: 2010-07-18→ Common stock (12,500 underlying) - 5,587.25(indirect: By 401(k))
Common stock
Footnotes (3)
- [F1]Shares of common stock indirectly in an Individual Retirement Account for the benefit of the reporting person.
- [F2]Shares of common stock held in an Individual Retirement Account for the benefit of the reporting person's wife.
- [F3]Grants to reporting person of option to purchase shares of common stock under the Gibraltar Steel Corporation Incentive Stock Option Plan. The options are exercisable at the rate of 25% per year.