MAXXAM INC 4
4 · MAXXAM INC · Filed Dec 21, 2004
Insider Transaction Report
Form 4
MAXXAM INCMXM
FRIEDMAN J KENT
Director
Transactions
- Award
Nonqualified Stock Option w/ Tandem SAR
2004-12-20+11,400→ 11,400 totalExercise: $33.00Exp: 2014-12-20→ Common Stock (11,400 underlying)
Footnotes (1)
- [F1]The Stock Option, which has tandem Stock Appreciation Rights, was awarded pursuant to the Issuer's 2002 Omnibus Employee Incentive Plan on December 20, 2004. 20% of such grant will become exercisable on December 20, 2005, with additional 20% increments becoming exercisable on each subsequent anniversary date of such grant until fully vested.