BLACK GARY D 4
4 · JANUS CAPITAL GROUP INC · Filed Apr 28, 2004
Insider Transaction Report
Form 4
BLACK GARY D
DirectorCEO
Transactions
- Award
Common Stock
2004-04-26+303,618→ 303,618 total - Award
Common Stock (Right to Buy) and LSAR
2004-04-26+1,125,176→ 1,125,176 totalExercise: $15.48Exp: 2014-04-25→ Common Stock (1,125,176 underlying)
Footnotes (2)
- [F1]Limited Stock Appreciation Rights ("LSARs") are granted in tandem with stock options. LSARs are automatically exercised (in lieu of related options) upon a change-of-control of the Company which has not been approved by certain members of the Company's board of directors and result in the receipt of only cash by the option holder. LSARs terminate when the related options are exercised or terminated.
- [F2]The option vests annually in three installments beginning on December 31, 2004; the first two vesting events will be 375,059 per vesting event, and the last vesting event will be 375,058.