Crist Gretchen Renee 4
4 · PLAYTEX PRODUCTS INC · Filed Jun 16, 2005
Insider Transaction Report
Form 4
Crist Gretchen Renee
VP Human Resources
Transactions
- Award
Common Stock
2005-06-14$0.01/sh+6,400$64→ 11,400 total - Award
Employee Stock Option (right to buy)
2005-06-14$10.59/sh+17,800$188,502→ 37,800 total→ Common Stock (17,800 underlying)
Footnotes (3)
- [F1]Restricted Performance Stock vests in amounts of 2,134, 2,133 & 2,133 on the last day of the first fiscal quarter of each of the 2006, 2007 and 2008 fiscal years of the Company, respectively, provided the Executive remains employed and that Playtex Products, Inc. attains established performance targets. If the Company attains at least 90% of the performance target for any fiscal year, 50% of the annual vesting portion shall vest, and up to 100% of the annual vesting portion shall vest if 100% or more of the target is met, determined using straight line interpolation.
- [F2]Granted under Playtex 2003 Stock Option Plan for Directors & Executives & Key Employees of Playtex Products, Inc. One third of the options (5,934) vest in equal amounts at the end of the fiscal first quarter in 2006, 2007 & 2008 of the Company, respectively, provided the Executive remains employed. Two thirds of the options (11,866) vest in amounts of 3,956, 3,955 & 3,955 at the end of the fiscal first quarter in 2006, 2007 & 2008, respectively, provided the Executive remains employed and provided the Company attains established performance targets. If the Company attains at least 90% of the performance target for any fiscal year, 50% of the annual vesting portion shall vest, and up to 100% of the annual vesting portion shall vest if 100% or more of the target is met, determined using straight line interpolation.
- [F3]To date, 6,400 shares of common stock are restricted stock, 5,000 shares are unrestricted.