INTEGRATED ELECTRICAL SERVICES INC 4
4 · INTEGRATED ELECTRICAL SERVICES INC · Filed May 16, 2006
Insider Transaction Report
Form 4
MILLER D A
Chief Accounting Officer
Transactions
- Tax Payment
Common Stock
2006-05-12$1.53/sh−1,323$2,024→ 10,760 total - Award
Common Stock
2006-05-12+18,000→ 18,630 total
Footnotes (2)
- [F1]Pursuant to the Company's Second Amended Joint Plan of Reorganization (the "Plan"), all restricted stock of the Company vested on May 12, 2006. Represents shares withheld to satisfy withholding tax liability resulting from the vesting of restricted shares pursuant to the Plan. The total shares directly held includes 583 shares received as an employee stock purchase plan distribution in January 2005. The Company 401(k) Plan disposed of the Company stock fund effective December 31, 2005 and therefore the indirect ownership of 740 shares in that fund is now 0.
- [F2]Shares of the Company's common stock that were outstanding on May 12, 2006 ("Old Common Stock") were cancelled under the Company's Second Amended Joint Plan of Reorganization (the "Plan"). Under the Plan, holders of the Old Common Stock are entitled to receive 1 share of common stock in the reorganized Company for every 17.0928 shares of Old Common Stock for which they have signed a Letter of Transmittal surrendering such shares. Reflects 630 shares owned on date of restricted stock grant (which gives effect to the reverse split of Company shares pursuant to the Plan as described in the preceeding sentence) plus 18,000 shares of restricted stock granted on May 12, 2006.