Croft Mark Scott 4
4 · CORNELL COMPANIES INC · Filed Dec 5, 2005
Insider Transaction Report
Form 4
Croft Mark Scott
General Counsel, Corporate Sec
Transactions
- Award
Stock Option (Right to Buy)
2005-11-28+10,000→ 10,000 totalExercise: $14.15Exp: 2015-11-28→ Common Stock (10,000 underlying)
Footnotes (2)
- [F1]Options are exercisable as follows, unless earlier terminated: (i) options to purchase 3,000 shares are exercisable on November 28, 2008, provided that the Reporting Person has remained continuously employed by the Company until November 28, 2008; (ii) options to purchase 3,500 shares are exercisable upon the Company achieving a certain stock price within a certain time period as established by the Compensation Committee of the Board of Directors of the Company, and (iii) options to purchase 3,500 shares are exercisable upon the Company achieving a certain earnings per share within a certain time period as established by the Compensation Committee of the Board of Directors of the Company.
- [F2]There was no price associated with the stock option grant.