GIANNETTO MICHAEL 4
4 · COVANCE INC · Filed Feb 22, 2005
Insider Transaction Report
Form 4
COVANCE INCCVD
GIANNETTO MICHAEL
Corporate Vice President
Transactions
- Tax Payment
Common Stock
2005-02-17$42.31/sh−368$15,572→ 15,714 total - Award
Common Stock
2005-02-17+2,800→ 16,082 total - Award
Stock Option (Right to Buy)
2005-02-17+8,500→ 8,500 totalExercise: $42.32Exp: 2015-02-16→ Common Stock (8,500 underlying)
Holdings
- 1,968(indirect: By Trust)
Common Stock - 401(k) Plan
Footnotes (2)
- [F1]The securities reported were acquired on a periodic basis by the Trustee of the Covance 401(k) plan, a broad-based, tax-qualified employee benefit plan. The information was obtained from the Plan Administrator as of 2/17/05. The shares have been accumulated by the Trustee over the employment of the reporting person and the number is based upon the market value of the reporting person's account divided by the then current market price.
- [F2]The option vests in two equal annual installments with the first installment vesting one year from grant date.