BROOKFIELD HOMES CORP 4
4 · BROOKFIELD HOMES CORP · Filed Feb 16, 2005
Insider Transaction Report
Form 4
KERRIGAN PAUL G
EVP, CFO & Treasurer
Transactions
- Award
Employee Stock Option (Right to Buy)
2005-02-15+30,000→ 256,031 totalExercise: $36.25Exp: 2015-02-15→ Common Stock (30,000 underlying) - Award
Deferred Share Units
2005-02-15+5,517→ 163,242 total→ Common Stock (5,517 underlying)
Footnotes (3)
- [F1]The options vest in five equal annual installments beginning on February 15, 2006.
- [F2]1-for-1.
- [F3]The units vest in five equal annual installments beginning on February 15, 2006. Vested units can only be redeemed after cessation of employment whether due to termination, retirement or death. There will be no shares of common stock issued, authorized, reserved, purchased or sold at any time in connection with units allocated. Under no circumstances will units be considered shares of common stock, or entitle any participant to the exercise of voting rights or to the exercise of any other rights arising from the ownership of shares of common stock.