PENFORD CORP 4
4 · PENFORD CORP · Filed Jul 17, 2013
Insider Transaction Report
Form 4
PENFORD CORPPENX
CORDIER STEVEN O
Sr VP & CFO
Transactions
- Exercise/Conversion
Common Stock
2013-07-17$12.79/sh+40,000$511,600→ 63,528 total - Tax Payment
Common Stock
2013-07-17$15.55/sh−35,171$546,909→ 28,357 total - Exercise/Conversion
NQ Stock Option (Right to Buy)
2013-07-17−40,000→ 0 totalExercise: $12.79From: 2004-08-22Exp: 2013-08-22→ Common Stock (40,000 underlying)
Footnotes (2)
- [F1]Mr. Cordier increased his stock ownership from 23,528 shares to 28,357 shares in connection with the option exercise. As part of the option exercise, shares were withheld to satisfy the option exercise price and minimum tax withholding obligations.
- [F2]The option becomes exercisable in four equal installments beginning on the first anniversary from date of grant; the first anniversary date is indicated above as the Date Exercisable.