THERMADYNE HOLDINGS CORP /DE 4
4 · THERMADYNE HOLDINGS CORP /DE · Filed Jun 1, 2005
Insider Transaction Report
Form 4
THERMADYNE HOLDINGS CORP /DETHMD.OB
Fray Steve
Vice President and controller
Transactions
- Award
stock option right to buy
2005-05-31$13.30/sh+17,500$232,750→ 17,500 totalExercise: $13.30Exp: 2015-05-31→ common stock (17,500 underlying)
Footnotes (1)
- [F1]1/2 will vest in three equal annual installments on each of the next 3 anniversaries of the Effective date, and the remaining 1/2 vest in three equal annual installments on each of the first 3 anniv. of the date of grant if Holdings achieves its Return on Invested Capital. If any Performance Options do not vest in any year due to the failure to meet the Return on Invested Capital Targets for such year, Options shall vest on any subsequent Installment Date if Holdings has cumulatively achieved on such date the ROIC Targets for the current year, plus the Return on Invested Capital Targets for the prior years for which such Targets were not achieved; provided, the Performance Options do not vest by the final Installment Date, then such Options shall vest on the seventh anniversary of the grant, provided Employee is still employed with the Employer.