BLACK GARY D 4
4 · JANUS CAPITAL GROUP INC · Filed Jan 24, 2005
Insider Transaction Report
Form 4
BLACK GARY D
DirectorCEO
Transactions
- Tax Payment
Common Stock
2005-01-21$15.08/sh−42,155$635,697→ 261,463 total
Holdings
- 1,125,176
Common Stock (Right to Buy) and LSAR
Exercise: $15.48Exp: 2014-04-25→ Common Stock (1,125,176 underlying)
Footnotes (3)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on April 26, 2004, to cover tax liabilities arising from vesting events.
- [F2]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 issuer which has not been approved by certain members of the issuer'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.
- [F3]In accordance with Section 162(m) requirements, the option shall vest annually in three installments beginning in January 2005 subject to certain performance criteria being met; the first two vesting events will be 375,059 per vesting event, and the last vesting event will be 375,058.