FINLAY ENTERPRISES INC /DE 4
4 · FINLAY ENTERPRISES INC /DE · Filed Apr 29, 2008
Insider Transaction Report
Form 4
PHILIP LESLIE A
Executive VP & CMO
Transactions
- Exercise/Conversion
Phantom Stock Units
2008-04-25$12.70/sh−4,435$56,309→ 3,785 totalExercise: $0.00→ Common Stock (4,435 underlying) - Tax Payment
Common Stock
2008-04-25$0.42/sh−2,934$1,244→ 29,313 total - Exercise/Conversion
Common Stock
2008-04-25+4,435→ 27,812 total
Footnotes (7)
- [F1]Includes 7,200 shares to be issued to the Reporting Person on April 30, 2008 (or an earlier vesting date under certain circumstances) provided the Reporting Person is at such time employed by the Issuer.
- [F2]Surrender of shares as payment of tax withholding relating to distribution of phantom stock units.
- [F3]Each phantom stock unit converts to common stock on a one-for-one basis.
- [F4]These phantom stock units were credited to an account for the Reporting Person under the Issuer's Executive Deferred Compensation and Stock Purchase Plan approved by stockholders in June 2003 (the "Executive Plan") in connection with the deferral of a portion of the Reporting Person's annual bonus on April 25, 2005. These phantom stock units were fully vested on the transaction date. Pursuant to the Reporting Person's three-year deferral period, the phantom stock units became payable on April 25, 2008.
- [F5]Phantom stock units previously credited to an account for the Reporting Person under the Executive Plan.
- [F6]These phantom stock units were credited to an account for the Reporting Person under the Executive Plan, through matching by the Issuer, in connection with the deferral of a portion of the Reporting Person's annual bonus on April 25, 2005. These phantom stock units vested on the three-year anniversary of the transaction date. Pursuant to the Reporting Person's three-year deferral period, the phantom stock units became payable on April 25, 2008.
- [F7]Phantom stock units previously credited to an account for the Reporting Person, through matching by the Issuer, under the Executive Plan.