SOVEREIGN BANCORP INC 4
4 · SOVEREIGN BANCORP INC · Filed Feb 18, 2005
Insider Transaction Report
Form 4
DAVIS LARRY K
Controller
Transactions
- Award
Common stock (restricted, subject to vesting)
2005-02-16+1,330→ 0 total - Award
Common stock (restricted, subject to vesting)
2005-02-16+755→ 5,700 total - Award
Employee stock options (right to buy)
2005-02-16+5,114→ 5,114 totalExercise: $23.44From: 2010-02-16Exp: 2015-03-16→ Common stock (5,114 underlying)
Holdings
- 2,492
Common stock
- 1,494
Common stock (Bonus recognition and retention plan)
- 776(indirect: ESOP)
Common stock
- 2,010(indirect: By 401(k))
Common stock
Footnotes (2)
- [F1]One third of the restricted shares shall vest on February 16, 2006, the second third shall vest on February 16, 2007, and the remaining third shall vest on February 16, 2008.
- [F2]The award shall vest, and the restrictions lapse, five years from the date of the award (February 16, 2010).