TUCHMAN ROBERT L 4
4 · REFAC · Filed Nov 10, 2003
Insider Transaction Report
Form 4
REFAC(AMEX:REF)
TUCHMAN ROBERT L
DirectorPresident & CEO
Transactions
- Award
Options to acquire common stock
2003-11-07+8,333→ 175,000 totalExercise: $5.02From: 2003-11-07Exp: 2008-11-07→ Common stock (8,333 underlying) - Award
Options to acquire common stock
2003-11-07+8,334→ 175,000 totalExercise: $5.02From: 2005-11-07Exp: 2008-11-07→ Common stock (8,334 underlying)
Footnotes (2)
- [F1]Mr. Tuchman received from Refac 25,000 options to acquire shares of common stock pursuant to the Fifth Amended and Restated Employment Agreement between Mr. Tuchman and Refac, dated as of November 7, 2003.
- [F2]Pursuant to the Agreement and Plan of Merger among Refac, Palisade Concentrated Equity Partnership L.P.("Palisade") and a wholly-owned subsidiary of Palisade (the "Merger Agreement"), dated as of August 19, 2002, Mr. Tuchman will acquire 0.2 shares of Refac common stock, $3.60 in cash and the Payment Right (as defined in the Merger Agreement) per option upon exercise of 150,000 of such options. With respect to the 25,000 options granted on November 7, 2003, Mr. Tuchman will acquire one share of Refac common stock per option exercised.