GORMISKY PAUL J 4
4 · CABOT CORP · Filed Aug 5, 2003
Insider Transaction Report
Form 4
CABOT CORPCBT
GORMISKY PAUL J
Vice President
Transactions
- Award
Common Stock
2003-08-01$8.40/sh+10,000$84,000→ 77,543 total
Holdings
- 5,471(indirect: By Trust)
Common Stock
- 2(indirect: By Trust)
Series B ESOP Convertible Preferred Stock
→ Common Stock (333 underlying)
Footnotes (2)
- [F1]Each share is convertible into 146.4 shares of the Corporation's common stock.
- [F2]Under the Retirement Savings Plan, the Corporation allocates Series B ESOP Convertible Preferred Stock to each participant's account on a quarterly basis. Subject to certain terms and conditions of the Retirement Savings Plan, participants may elect to receive distributions of their vested account balance in the form of shares of the Corporation's common stock or cash. Generally, a participant is 20% vested in his account after 2 years of service with the Corporation; 40% vested after 3 years of service; 60% vested after 4 years of service; and 100% vested after 5 years of service.