REIER JOHN 4
4 · FREDS INC · Filed Sep 23, 2003
Insider Transaction Report
Form 4
FREDS INCFRED
REIER JOHN
DirectorPresident
Transactions
- Award
Option on Class A Common Stock
2003-09-19+12,000→ 12,000 totalExercise: $20.60→ Class A Common Stock (12,000 underlying) - Award
Option on Class A Common Stock
2003-09-19+48,000→ 48,000 totalExercise: $17.67→ Class A Common Stock (48,000 underlying)
Footnotes (4)
- [F1]Split affected for 7/1/03 3 for 2 stock split.
- [F2]Received grant dated 03/11/03 with the option term of seven years, six months. Vesting schedule: 10% on 08/20/04, 08/20/05, 08/20/06, 08/20/07, with the remaining 60% vesting on 08/20/08. Vesting may be accelerated to 20% in any year that Operating Income Margin meets or exceeds the target.
- [F3]Received grant dated 05/19/03 with the option term of seven years, four months. Vesting schedule: 10% on 08/20/04, 08/20/05, 08/20/06, 08/20/07, with the remaining 60% vesting on 08/20/08. Vesting may be accelerated to 20% in any year that Operating Income Margin meets or exceeds the target.
- [F4]Mr. Reier currently has a total of 196,406 options to purchase common stock under various grants from Fred's, Inc.