BORGWARNER INC 4
4 · BORGWARNER INC · Filed Dec 3, 2014
Insider Transaction Report
Form 4
NOVAK ERNEST J JR
Director
Transactions
- Discretionary Transaction
Phantom Stock
2014-12-01$56.61/sh−27.93$1,581→ 1,819.649 total→ Common Stock (27.93 underlying)
Footnotes (3)
- [F1]Each share of phantom stock entitled the reporting person to receive, on the Transaction Date, the cash equivalent of one share of BorgWarner common stock. Prior to payment, the reporting person had the right to transfer the value of the phantom stock account into an alternative investment account.
- [F2]The phantom stock does not have an exercisable date or an expiration date.
- [F3]Column 9 includes the reporting person's total phantom stock holdings under the BorgWarner Inc. Board of Directors Deferred Compensation Plan as of the date of this report.