LESCO INC/OH 4
4 · LESCO INC/OH · Filed May 9, 2007
Insider Transaction Report
Form 4
LESCO INC/OHLSCO
GIBBONS MICHAEL E
Director
Transactions
- Disposition to Issuer
Common Shares
2007-05-07$14.50/sh−2,000$29,000→ 0 total - Disposition to Issuer
Director Stock Option
2007-05-07$3.54/sh−4,000$14,140→ 0 totalExercise: $10.96From: 2007-05-07Exp: 2007-05-07→ Common Shares (4,000 underlying) - Disposition to Issuer
Deferred Compensation Share Units
2007-05-07$14.50/sh−8,518$123,511→ 0 totalExercise: $0.00From: 1999-05-19Exp: 2007-05-07→ Common Shares (8,518 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the merger with Deere & Company.
- [F2]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), 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.
- [F3]Pursuant to the Merger Agreement, the deferred share units of LESCO, Inc. vested prior to the effective time of the merger and were converted into the right to receive, without interest and less applicable withholding taxes, $14.50 in respect of each common share underlying the deferred share units.