LAYNE CHRISTENSEN CO 4
4 · LAYNE CHRISTENSEN CO · Filed Aug 13, 2007
Insider Transaction Report
Form 4
Reynolds Jeffrey J
DirectorExecutive Vice President
Transactions
- Sale
Common Stock
2007-08-09$46.22/sh−13,682$632,355→ 490,092 total - Sale
Common Stock
2007-08-10$46.81/sh−37,019$1,732,715→ 453,073 total
Footnotes (5)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 23, 2007.
- [F2]This is the average sale price for all the shares. The actual sale price per share ranges from $46.00 to $46.37.
- [F3]The reporting person acquired shares of issuer common stock as partial consideration in exchange for his interest in Reynolds, Inc. ("Reynolds"), pursuant to Reynolds' merger into a subsidiary of the issuer on September 28, 2005. Of the 490,092 shares currently held by the reporting person, 120,717 shares are currently being held in escrow and are subject to forfeiture during the two-year period following the merger to satisfy claims arising as a resuult of a breach of any of the representations, warranties or covenants of the Reynolds' shareholders in the merger agreement.
- [F4]This is the average sale price for all the shares. The actual sale price per share ranges from $46.02 to 47.21.
- [F5]The reporting person acquired shares of issuer common stock as partial consideration in exchange for his interest in Reynolds, pursuant to Reynolds' merger into a subsidiary of the issuer on September 28, 2005. Of the 453,073 shares currently held by the reporting person, 120,717 shares are currently being held in escrow and are subject to forfeiture during the two-year period following the merger to satisfy claims arising as a resuult of a breach of any of the representations, warranties or covenants of the Reynolds' shareholders in the merger agreement.