AMERICAN INTERNATIONAL GROUP INC 4
4 · AMERICAN INTERNATIONAL GROUP INC · Filed Dec 17, 2004
Insider Transaction Report
Form 4
CASTELLI MICHAEL J
Vice President & Comptroller
Transactions
- Other
Common Stock
2004-12-15$64.72/sh+1,890$122,321→ 16,553 total - Exercise/Conversion
Common Stock
2004-12-15$15.31/sh+965$14,773→ 15,628 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2004-12-15−1,265→ 0 totalExercise: $15.31From: 1998-12-15Exp: 2004-12-15→ Common Stock (1,265 underlying)
Footnotes (3)
- [F1]Distribution pursuant to Starr International Company, Inc. Deferred Compensation Profit Participation Plan. The distribution was paid in cash based on an AIG common stock price of $64.72 per share. Includes 584.11 shares that were withheld to satisfy certain tax liabilities.
- [F2]On December 15, 2004, Mr. Castelli exercised options for 1,265 shares using previously owned shares to pay for options granted pursuant to the 1991 Employee Stock Option Plan. This acquisition reflects the number of options exercised less the 300 shares surrendered to purchase the option.
- [F3]These options were granted under AIG's 1991 Employee Stock Option Plan. Pursuant to the terms of the plan, 25% of the option becomes exercisable on the anniversary date of the grant in each of the four years following the grant.