WEST PHARMACEUTICAL SERVICES INC 4/A
4/A · WEST PHARMACEUTICAL SERVICES INC · Filed Sep 13, 2006
Insider Transaction Report
Form 4/AAmended
McMillan Donald A
President Pharma Systems NA
Transactions
- Award
Common Stock
2006-02-24+893→ 6,917.088 total
Footnotes (3)
- [F1]Settlement for stock of Performance Rights that are non-derivative securities. See explanation below for further information.
- [F2]The Reporting Person was awarded 516 Performance Vesting Restricted Shares on May 5, 2004 and 984 PVR Shares on June 29, 2004, for a total of 1,500 PVR Shares following the Company's 2004 stock split. The 2004 PVR Share Awards were inappropriately reported as restricted stock awards. In fact, the 2004 PVR Share Awards constituted performance rights that are non-derivative securities. As such, no reports should have been filed until the PVR Awards are settled in stock. Reporting the initial grant resulted in an overstatement of the amount of securities beneficially owned (Column 5, Table 1) in subsequently filed reports. The Reporting Person is filing this report to: (i) properly characterize the PVR Shares as performance rights; and (ii) adjust the amount of securities beneficially owned and eliminate the overstatement.
- [F3]Amount as of filing date.