THERMADYNE HOLDINGS CORP /DE 4
4 · THERMADYNE HOLDINGS CORP /DE · Filed Oct 1, 2007
Insider Transaction Report
Form 4
MOODY TERRY A
EVP-Global Operations
Transactions
- Award
Stock Option Right to Buy
2007-09-28$14.36/sh+17,500$251,300→ 17,500 totalExercise: $14.36Exp: 2017-09-28→ common stock (17,500 underlying) - Award
Restricted shares
2007-09-28+3,200→ 3,200 total
Footnotes (1)
- [F1]Option will vest based on Average ROIOC over a 3year period, beginning in 1/07 and ending in 12/09. Subject to applicable securities laws, the Stock Option granted pursuant to this Agreement shall vest and be exercisable as of May 1, 2010 as follows: a.If Average ROIOC for the Target Period is 35 percent or more, 100 percent vests b.If Average ROIOC for the Target Period is 30 percent, 67 percent vests c. If Average ROIOC for the Target Period is 25 percent, 33 percent of the Stock Option vests d.If Average ROIOC during the Target Period does not reach 25 percent, the Stock Option is forfeitedacknowledge and no longer exercisable.The parties agree and that incremental amounts of the Stock Option will vest for Average ROIOC between 25 percent and 30 percent and between 30 percent and 35 percent.