CREE INC 4
4 · CREE INC · Filed Sep 6, 2005
Insider Transaction Report
Form 4
CREE INCCREE
DYKES JAMES E
Director
Transactions
- Award
Nonqualified Stock Option (Right to Buy)
2005-09-01+5,000→ 5,000 totalExercise: $25.47From: 2005-12-31Exp: 2012-09-01→ Common Stock (5,000 underlying) - Award
Common Stock
2005-09-01+5,000→ 85,000 total
Footnotes (2)
- [F1]Shares of restricted stock awarded under the Cree, Inc. 2004 Long-Term Incentive Compensation Plan. Shares awarded will vest on September 1, 2006 provided the recipient continues service until that date as a member of the Board of Directors of Cree, Inc. or as an employee of Cree, Inc. or a related "Employer" as defined in the Plan.
- [F2]The grant is subject to the condition that the shareholders approve certain amendments to the Cree, Inc. 2004 Long-Term Incentive Compensation Plan at the next annual meeting of shareholders to be held on November 3, 2005. The option will terminate if the amendments are not approved. The Option vests and becomes exercisable as to one-fourth of the shares on each of December 31, 2005, March 31, 2006, June 30, 2006 and September 30, 2006 or, if earlier, upon the election of directors at the 2006 Annual Meeting of Shareholders, provided the recipient continues service until said dates as a member of the Board of Directors of Cree, Inc. or as an employee of Cree, Inc. or a related "Employer" as defined in the Plan.