4//SEC Filing
GRIFFIN LELAND J M 4
Accession 0001209191-04-021306
CIK 0000048039other
Filed
Apr 19, 8:00 PM ET
Accepted
Apr 20, 3:26 PM ET
Size
27.0 KB
Accession
0001209191-04-021306
Insider Transaction Report
Form 4
HOLLY CORPHOC
GRIFFIN LELAND J M
VP Montana Operations
Transactions
- Sale
Common Stock
2004-04-16$33.10/sh−4,000$132,400→ 0 total - Exercise/Conversion
Common Stock
2004-04-16$7.00/sh+4,000$28,000→ 0 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2004-04-16−4,000→ 4,000 totalExercise: $7.00→ common stock (4,000 underlying) - Exercise/Conversion
Employee Stock Option (Right to Buy)
2004-04-16−800→ 1,600 totalExercise: $8.63→ common stock (800 underlying) - Exercise/Conversion
Common Stock
2004-04-16$8.63/sh+800$6,900→ 0 total - Sale
Common Stock
2004-04-16$33.10/sh−800$26,480→ 0 total
Footnotes (7)
- [F1]Restricted shares granted under Holly Corporation Long-Term Incentive Compensation Plan.
- [F2]This number does not include the reporting person's 24,811.5453 shares of common stock that are held indirectly in the Thrift Plan Trust, which shares include 100.2098 shares acquired on April 2, 2004 at a purchase price of $32.0574 per share.
- [F3]Option became exercisable to the extent of 20% at September 24, 2000 and becomes exercisable for an additional 20% on each September 24 thereafter until the option becomes fully exercisable on September 24, 2004. Option becomes fully exercisable in the event of certain terminations within 60 days before or at any time after a substantial corporate change (as defined) in the ownership of Holly Corporation or its principal business operations.
- [F4]Option generally expires ten years from the effective date of grant (the period for exercise may be extended in certain cases following the death of the reporting person). If the reporting person's employment terminates because of death, permanent disability or normal retirement, the option is generally exercisable in full for two years from the date of termination. If the reporting person's employment is terminated for cause (as defined), the option immediately ceases to be exercisable. If the reporting person's employment terminates for any other reason, the option is exercisable for one year after such termination to the extent the option was exercisable at termination.
- [F5]Option is partial consideration to employee for services.
- [F6]Option became exercisable to the extent of 20% at December 20, 2001 and becomes exercisable for an additional 20% on each December 20 thereafter until the option becomes fully exercisable on December 20, 2005. Option becomes fully exercisable in the event of certain terminations within 60 days before or at any time after a substantial corporate change (as defined) in the ownership of Holly Corporation or its principal business operations.
- [F7]Option became exercisable to the extent of 20% at March 9, 2002 and becomes exercisable for an additional 20% on each March 9 thereafter until the option becomes fully exercisable on March 9, 2006. Option becomes fully exercisable in the event of certain terminations within 60 days before or at any time after a substatial corporate change (as defined) in the ownership of Holly Corporation or its principal business operations.
Issuer
HOLLY CORP
CIK 0000048039
Entity typeother
Related Parties
1- filerCIK 0001241266
Filing Metadata
- Form type
- 4
- Filed
- Apr 19, 8:00 PM ET
- Accepted
- Apr 20, 3:26 PM ET
- Size
- 27.0 KB