SNYDER COMMUNICATIONS INC 4
4 · SNYDER COMMUNICATIONS INC · Filed Apr 27, 2005
Insider Transaction Report
Form 4
SNYDER DANIEL M
DirectorChief Executive Officer
Transactions
- Gift
Common Stock
2000-07-18−926,952→ 5,551,171 total - Sale
Futures Contract (obligation to sell)
1998-07-29$35409566.00/sh−1$35,409,566→ 1 totalExercise: $38.20From: 2001-07-31Exp: 2001-07-31→ Common Stock (926,952 underlying)
Footnotes (2)
- [F1]On July 18, 2000, Mr. Snyder donated 926,952 shares of SNC Common Stock to an educational institution.
- [F2]On July 29, 1998, Mr. Snyder entered into a forward sale agreement with Bear, Stearns & Co., Inc. ("Bear Stearns") relating to 926,952 shares of Snyder Communications, Inc. common stock (the "Shares"). The arrangement is reflected in Table II as a futures contract. Under the forward sale agreement, Mr. Snyder agreed to deliver the Shares to Bear Stearns. To secure Mr. Snyder's delivery obligations to Bear Stearns under the forward sale agreement, Mr. Snyder pledged 926,952 shares of common stock to Bear Stearns.