LESCO INC/OH 4
4 · LESCO INC/OH · Filed May 9, 2007
Insider Transaction Report
Form 4
LESCO INC/OHLSCO
ERBAUGH J MARTIN
Director
Transactions
- Disposition to Issuer
Common Shares
2007-05-07$14.50/sh−27,045$392,153→ 0 total - Disposition to Issuer
Common Shares
2007-05-07$14.50/sh−4,980$72,210→ 0 total(indirect: By Spouse) - Disposition to Issuer
Option to Purchase Common Shares
2007-05-07$3.54/sh−20,000$70,700→ 0 totalExercise: $10.96From: 2002-12-31Exp: 2007-05-07→ Common Shares (20,000 underlying)
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of February 19, 2007, among Deere & Company, Deere Merger Sub, Inc. and LESCO, Inc., and the transactions contemplated thereby, options to purchase common shares fully vested and were converted into the right to receive, without interest and less applicable withholding taxes, an amount in cash equal to the product of: (x) the excess, if any, of $14.50 over the exercise price per common share subject to that option multiplied by (y) the aggregate number of common shares underlying that option immediately prior to the effective time.
- [F2]Shares are owned by Reporting Person and wife as joint tenants with respect to 18,500 shares and by Reporting Person in self-directed IRA with respect to 8,545 shares.
- [F3]Disposed of pursuant to the merger with Deere & Company.