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PAXSON COMMUNICATIONS CORP·4

Oct 1, 4:19 PM ET

GARCIA RICHARD 4

4 · PAXSON COMMUNICATIONS CORP · Filed Oct 1, 2004

Insider Transaction Report

Form 4
Period: 2004-10-01
PAXSON COMMUNICATIONS CORPPAX
GARCIA RICHARD
CFO, Senior Vice President
Transactions
  • Award

    Employee Stock Option (right to buy)

    2004-10-01+150,000→ 150,000 total
    Exercise: $0.01→ Class A Common Stock (150,000 underlying)
  • Disposition to Issuer

    Class A Common Stock

    2004-10-01−150,000→ 0 total
Footnotes (2)
  • [F1]The reporting person agreed to cancel shares of stock issued on October 2, 2003 and on June 8, 2004 in exchange for new options to purchase a number of shares of stock equal to the cancelled number of shares of stock.
  • [F2]20,000 options expire on October 2, 2013 and vest incrementally as follows: 6,667 on October 2, 2004, 6,667 on October 2, 2005, and 6,666 on October 2, 2006. 90,000 options expire on October 2, 2013 and vest on October 2, 2008. 40,000 options expire on April 6, 2014 and vest incrementally as follows: 13,333 on April 6, 2005, 13,333 on April 6, 2006, and 13,334 on April 6, 2007.

Documents

2 files