Willes Mark H 4
4 · BLACK & DECKER CORP · Filed Apr 28, 2005
Insider Transaction Report
Form 4
Willes Mark H
Director
Transactions
- Award
Phantom Stock
2005-04-26$82.36/sh+2,003.521$165,000→ 5,675.2 total→ Common Stock (2,003.521 underlying)
Footnotes (2)
- [F1]The shares of Phantom Stock convert on a 1 for 1 basis.
- [F2]The referenced Phantom Stock was acquired pursuant to the deferred provisions of the Non-Employee Directors Stock Plan (the "Stock Plan") and will be settled in shares of Common Stock otherwise payable by the Corporation pursuant to the Stock Plan and as directed by the reporting person. The reporting person elected to acquire the Phantom Stock in lieu of cash and Common Stock otherwise payable by the Corporation pursuant to the Stock Plan.