PENFORD CORP 4
4 · PENFORD CORP · Filed Jul 17, 2013
Insider Transaction Report
Form 4
PENFORD CORPPENX
KUNERTH WALLACE H
V.P. & CSO
Transactions
- Tax Payment
Common Stock
2013-07-17$2529.00/sh−22,471$56,829,159→ 13,793 total - Exercise/Conversion
Stock Option (Right to Buy)
2013-07-17−25,000→ 0 totalExercise: $12.79From: 2004-08-22Exp: 2013-08-22→ Common Stock (25,000 underlying) - Exercise/Conversion
Common Stock
2013-07-17$12.79/sh+25,000$319,750→ 36,264 total
Holdings
- 90.503(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]Mr. Kunerth increased his stock ownership from 11,264 shares to 13,793 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]Estimate of shares held within the 401(k) plan on the reporting person's behalf based on the 401(k) Penford stock fund balance divided by the stock closing price on August 31, 2012. It should be noted that the 401(k) Penford stock fund generally contains some cash and therefore is not fully invested in Penford stock.
- [F3]The option becomes exercisable in four equal installments beginning on the first aniversary from date of grant; the first anniversary date is indicated above as the Date Exercisable.