MURPHY KENYON W 4
4 · Zep Inc. · Filed Feb 5, 2008
Insider Transaction Report
Form 4
Zep Inc.ZEP
MURPHY KENYON W
Director
Transactions
- Award
Stock Units
2008-02-01$17.41/sh+467$8,130→ 467 total→ Common Stock (467 underlying)
Footnotes (3)
- [F1]Stock Units are accrued under the Issuer's Nonemployee Directors' Deferred Compensation Plan (the "Plan") and are payable in shares upon retirement in either a lump sum or five annual installments. Accruals include required and elective deferral of director fees. During the Reporting Period, fees paid to the Reporting Person resulted in an increase in the number of units held.
- [F2]1-for-1
- [F3]Stock Units issued pursuant to the Plan are payable in common shares upon retirement in either a lump sum or five annual installments.