STEWART & STEVENSON SERVICES INC 4
4 · STEWART & STEVENSON SERVICES INC · Filed Jun 1, 2006
Insider Transaction Report
Form 4
REAM CHARLES S
Director
Transactions
- Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2006-05-25$20.63/sh−5,000$103,150→ 0 totalExercise: $15.87From: 2005-10-19Exp: 2014-10-19→ Common Stock (5,000 underlying) - Disposition to Issuer
Common Stock
2006-05-25$36.50/sh−1,285$46,903→ 0 total
Footnotes (3)
- [F1]Disposed of pursuant to Agreement and Plan of Merger (the "Merger Agreement") dated as of February 27, 2006, as amended, by and among Stewart & Stevenson Services, Inc., Armor Holdings, Inc. and Santana Acquisition Corp., in exchange for $36.50 for each share of common stock of the issuer held by the reporting person.
- [F2]Cancelled pursuant to the Merger Agreement in exchange for a cash payment equal to the product of the number of shares of common stock subject to the option multiplied by the excess, if any, of $36.50 over the exercise price per share of common stock under such option.
- [F3]The stock option becomes exercisable following the first year anniversary of the date of grant