UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Options | 07/22/2003 | 01/01/2010 | Common Stock | 62,907 | $ 0.75 | D | Â |
Stock Options | 07/22/2003 | 01/01/2010 | Common Stock | 27,577 | $ 0.45 | D | Â |
Stock Options (2) | 09/30/2004 | 08/05/2013 | Common Stock | 71,808 | $ 6.68 | D | Â |
Stock Options (1) | 08/05/2003 | 08/05/2013 | Common Stock | 17,952 | $ 6.68 | D | Â |
Stock Options | 09/28/2005 | 08/05/2013 | Common Stock | 239 | $ 13.37 | D | Â |
Stock Options | 09/28/2005 | 08/05/2013 | Common Stock | 60 | $ 13.37 | D | Â |
Stock Options | 09/28/2005 | 01/01/2010 | Common Stock | 4,248 | $ 13.37 | D | Â |
Stock Options | 09/28/2005 | 01/01/2010 | Common Stock | 1,062 | $ 13.37 | D | Â |
Stock Options (3) | 09/30/2006 | 06/15/2016 | Common Stock | 80,000 | $ 22.21 | D | Â |
Stock Options (4) | 06/15/2006 | 06/15/2016 | Common Stock | 20,000 | $ 22.21 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Iversen Bernt G II CHAMPION AEROSPACE INC. 1230 OLD NORRIS ROAD LIBERTY, SC 29657 |
 |  |  Pres., Champion Aerospace Inc. |  |
/s/ Deanna M. Campbell, Attorney-in-Fact for Bernt G. Iversen II | 06/23/2006 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Vests over time in 20% increments starting on grant date and annually on next four anniversary dates. |
(2) | Vesting is based on achievement of annual and cumulative performance metrics; option is currently 41.62% vested and the remainder will vest at 7.30% in 2006, 7.30% in 2007, 7.29% in 2008 and 36.49% in 2008. |
(3) | Vesting is based on achievement of annual and cumulative performance metrics at 16.66% for each year from 2006 to 2008, then at 50% in 2008. |
(4) | Vests over time in 33.33% increments starting on grant date and annually on next two anniversary dates. |