INTEGRATED ELECTRICAL SERVICES INC 4
4 · INTEGRATED ELECTRICAL SERVICES INC · Filed May 16, 2006
Insider Transaction Report
Form 4
Beynon Charles H
Director
Transactions
- Exercise/Conversion
Common Stock
2006-05-12$0.45/sh+3,000$1,350→ 6,701 total - Tax Payment
Common Stock
2006-05-12$1.53/sh−883$1,351→ 5,818 total - Exercise/Conversion
Director Stock Option (Right to Buy)
2006-05-12−3,000→ 0 totalExercise: $0.45From: 2006-05-12Exp: 2016-01-31→ Common Stock (3,000 underlying)
Footnotes (3)
- [F1]Pursuant to the Company's Second Amended Joint Plan of Reorganization (the "Plan"), "in the money" stock options were deemed exercised on May 12, 2006, with the holders of such options receiving shares of Company common stock with a value equal to the difference between the option price and the fair market value of the shares of Company common stock as of May 11, 2006..
- [F2]Shares of the Company's common stock that were outstanding on May 12, 2006 ("Old Common Stock") were cancelled under the Plan. Under the Plan, holders of the Old Common Stock are entitled to receive 1 share of common stock in the reorganized Company for every 17.0928 shares of Old Common Stock for which they have signed a Letter of Transmittal surrendering such shares. Share numbers on this Form 4 have not been adjusted to reflect this reverse split.
- [F3]Options vested May 12, 2006, pursuant to the Plan.