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) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Stock Options (Right to buy)
|
04/10/2003(1)
|
10/29/2012 |
Common Stock
|
1,000
(2)
|
$
26.75
|
D
|
Â
|
Stock Options (Right to buy)
|
05/03/2004(3)
|
10/26/2013 |
Common Stock
|
7,000
|
$
41.44
|
D
|
Â
|
Stock Options (Right to buy)
|
Â
(4)
|
10/26/2014 |
Common Stock
|
20,000
|
$
68.66
|
D
|
Â
|
* |
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). |
(4) |
The option vests if the Company's stock price achieves certain targets within specified timeframes as follows: one-fourth shall vest if Fair Market Value of the Company's
stock achieves $76.90, but not earlier than 5/2/05; one-fourth shall vest if Fair Market Value of the Company's stock achieves $82.39, but not earlier than 5/1/06; one-fourth shall vest if the Fair Market Value of the Company's stock achieves $89.26 but not earlier than 5/1/07; and one-fourth shall vest if the Fair Market Value of the Company's stock achieves $96.12 but not earlier than 5/1/08. All options not otherwise vesting pursuant to the above timetable shall become exercisable on October 25, 2009. |
(1) |
Vests when avg closing prices during 30 cons days reaches
29.43; 50% exercisable, 50% exercisable 2 yrs later |
(3) |
The option vests if the Company's stock price achieves certain targets within specified timeframes as follows: one-fourth shall vest if Fair Market Value of the Company's
stock achieves $46.41, but not earlier than 5/1/04; one-fourth shall vest if Fair Market Value of the Company's stock achieves $49.73, but not earlier than 5/1/05; one-fourth shall vest if the Fair Market Value of the Company's stock achieves $53.87 but not earlier than 5/1/06; and one-fourth shall vest if the Fair Market Value of the Company's stock achieves $58.02 but not earlier than 5/1/07. All options not other wise vesting pursuant to the above timetable shall become exercisable on October 26, 2008. |
(2) |
Initial grant for 2,000 options on 10/30/2002, 1,000 of which were exercised prior to identification as a Section 16 Insider and 1,000 of which are outstanding at January 6, 2005 |