Connolly Paul K JR 4
4 · ENERGY EAST CORP · Filed Jan 5, 2006
Insider Transaction Report
Form 4
Connolly Paul K JR
VP & General Counsel
Transactions
- Award
Employee Stock Option (right to buy) / SAR
2006-01-03+50,000→ 50,000 totalExercise: $22.80From: 2006-01-03Exp: 2016-01-03→ Common Stock (50,000 underlying)
Holdings
- 0
No Non-Derivative Securities Owned
Footnotes (2)
- [F1]The Stock Appreciation Right (SAR) was issued in tandem with an Employee Stock Option (right to buy). The exercise of a SAR will result in the corresponding cancellation of the Employee Stock Option (right to buy) to the extent of the number of shares of the Company's Common Stock as to which SARs are exercised. The exercise of the Employee Stock Option (right to buy) will result in the corresponding cancellation of a SAR to the extent of the number of shares of the Company's Common Stock as to which the Employee Stock Option (right to buy) is exercised.
- [F2]The option is exercisable in three installments regarding the original number of options granted as follows: (a) in aggregate as to no more than 33 1/3% on January 3, 2006; (b) in aggregate as to no more than 66 2/3% on January 1, 2007; and (c) on January 1, 2008 as to 100% of all options which have not been previously exercised.