TORAKIS MICHAEL G 4
4 · COLLINS & AIKMAN CORP · Filed Apr 22, 2004
Insider Transaction Report
Form 4
TORAKIS MICHAEL G
President,Internat'l. Plastics
Transactions
- Award
Stock Option (Right to Buy)
2004-04-21+240,000→ 240,000 totalExercise: $8.00Exp: 2014-03-02→ Common Stock (240,000 underlying)
Footnotes (2)
- [F1]Options were granted pursuant to the Collins & Aikman Corporation 2002 Employee Stock Option Plan.
- [F2]Sixty percent (60%) of the shares subject to the Option Agreement will vest and become exercisable in three equal annual installments on February 17, 2005, February 17, 2006, and February 17, 2007. The remaining forty percent (40%) will vest and become exercisable on February 17, 2014, but are subject to becoming vested and exercisable earlier if certain performance targets are met.