CMS ENERGY CORP 4
4 · CMS ENERGY CORP · Filed Jul 6, 2006
Insider Transaction Report
Form 4
WHIPPLE KENNETH
DirectorOther
Transactions
- Exercise/Conversion
Phantom Stock Units (Salary)
2006-07-03$9.13/sh−7,598$69,370→ 14,909 totalExercise: $13.18From: 2006-07-03Exp: 2006-07-03→ Common Stock (7,598 underlying)
Footnotes (1)
- [F1]Mr. Whipple's phantom stock units were granted June 1, 2004, pursuant to a deferred salary provision in his employment agreement with CMS Energy Corporation, at the then-current market price of $9.13 per unit, and have been settled in cash on the second anniversary of the deemed acquisition date at a current market price of $13.18 per unit.