PITTS MILLICENT W 4
4 · FERRO CORP · Filed Apr 6, 2004
Insider Transaction Report
Form 4
FERRO CORPFOE
PITTS MILLICENT W
Vice President
Transactions
- Other
Common Stock
2004-04-05$23.59/sh+2,596$61,240→ 17,426 total - Other
Common Stock - Restricted
2004-04-05−5,000→ 25,200 total - Award
Common Stock - Deferred Bonus Plan
2004-04-05$26.73/sh+25.389$679→ 4,534.096 total
Holdings
- 237.816(indirect: By Trust)
ESOP Convertible Preferred
Exercise: $46.38→ Common Stock (237.816 underlying) - 21,000
Stock Options (Right to buy)
Exercise: $23.60From: 2002-02-09Exp: 2011-02-09→ Common Stock (21,000 underlying) - 20,000
Stock Options (Right to buy)
Exercise: $18.50From: 2001-02-11Exp: 2010-02-11→ Common Stock (20,000 underlying) - 7,351.22(indirect: Investment Savings Plan)
Common Stock
- 7,500
Stock Options (Right to buy)
Exercise: $29.25From: 1999-05-04Exp: 2008-05-04→ Common Stock (7,500 underlying) - 2,602.276
Common Stock - Supp Exec Defined
- 15,000
Stock Options (Right to buy)
Exercise: $21.06From: 2000-02-25Exp: 2009-02-25→ Common Stock (15,000 underlying) - 55,000
Stock Options (Right to buy)
Exercise: $21.26From: 2007-02-28Exp: 2013-02-28→ Common Stock (55,000 underlying) - 40,000
Stock Options (Right to buy)
Exercise: $25.50From: 2006-02-11Exp: 2012-02-11→ Common Stock (40,000 underlying)
Footnotes (3)
- [F1]Restricted shares of common stock granted under the Performance Share Plan. Restrictions expire based upon degree of acheivement of performance goal. At the end of the performance period, 50% of award is paid in shares free of restrictions, and 50% ispaid in cash. If the amount awarded is less than 100% of the restricted shares, the balance is forfeited to the company.
- [F2]Stock Option Grant. Ten year life; 25% vesting the first four years. Upon retirement, unvested options become fully vested and availalble to exercise for the remaining life of the options.
- [F3]Price per share at which Ferro issued 1,520,215 shares of 7% Series A ESOP convertible Preferred Stock. Employees were only able to obtain preferred shares as part of the ESOP company match program. Shares can only be converted to common shares for distribution.