Hedge Tammy G 4
4 · PAXSON COMMUNICATIONS CORP · Filed Oct 1, 2004
Insider Transaction Report
Form 4
Hedge Tammy G
VP, Controller, CAO
Transactions
- Disposition to Issuer
Class A Common Stock
2004-10-01−60,000→ 0 total - Award
Employee Stock Option (right to buy)
2004-10-01+60,000→ 60,000 totalExercise: $0.01Exp: 2014-07-19→ Class A Common Stock (60,000 underlying)
Footnotes (2)
- [F1]The reporting person agreed to cancel shares of stock issued on August 20, 2004 in exchange for new options to purchase a number of shares of stock equal to the cancelled number of shares of stock.
- [F2]9,000 options vest incrementally as follows: 3,000 on July 19, 2005, 3,000 on July 19, 2006, and 3,000 on July 19, 2007. 51,000 options vest on April 6, 2009.