KNIGHT TRANSPORTATION INC 4/A
4/A · KNIGHT TRANSPORTATION INC · Filed Apr 7, 2005
Insider Transaction Report
Form 4/AAmended
SALMON MATTHEW
Director
Transactions
- Award
Director Stock Option (right to buy)
2003-06-01$16.55/sh+2,250$37,245→ 2,250 totalExercise: $16.55From: 2004-01-01Exp: 2006-03-16→ Common Stock, par value $0.01 per share (2,250 underlying) - Award
Director Stock Option (right to buy)
2001-05-08$6.77/sh+8,437$57,118→ 8,437 totalExercise: $6.77From: 2002-05-08Exp: 2006-03-16→ Common Stock, par value $0.01 per share (8,437 underlying) - Award
Director Stock Option (right to buy)
2004-06-15$16.37/sh+750$12,280→ 750 totalExercise: $16.37From: 2005-01-02Exp: 2006-03-16→ Common Stock, par value $0.01 per share (750 underlying)
Footnotes (3)
- [F1]Pursuant to the Knight Transportation, Inc. 2003 Stock Option Plan, every June 1 while the plan is in effect, independent directors automatically receive a stock option grant of 500 shares of Knight common stock, the exercise price of which is the fair market value as of June 1. The stock options granted are not exercisable until seven months after the date of the grant and are forfeitable if the director terminates his service as a director of Knight Transportation, Inc. within one year after the date of the stock option grant. The stock options expire on the earlier of (a) one year after the director terminates his service as a director of Knight Transportation, Inc., or (b) ten years after the date of the grant.
- [F2]Total options on previous report were incorrectly computed. No new options have been granted since the previous report. Additionally, this Amended Form 4 accounts for the 3 for 2 stock split in July, 2004. This Amended Form 4 summarizes all options currently held by Mr. Salmon.
- [F3]On March 16, 2005, Mr. Salmon resigned as a director of Knight Transportation, Inc. Pursuant to the terms of his stock options, the options will terminate one year from the date of his resignation.