NCI BUILDING SYSTEMS INC 4
4 · NCI BUILDING SYSTEMS INC · Filed Dec 20, 2007
Insider Transaction Report
Form 4
MADDOX KENNETH W
EVP, Administration
Transactions
- Purchase
2.125% Convertible Senior Sub Notes Due 2024 (the "Notes")
2007-12-19$193160.00/shExercise: $40.14Exp: 2024-11-15→ Common Stock, $0.01 par value
Footnotes (2)
- [F1]The Notes are generally convertible during any calendar quarter if the closing price of common stock exceeds $48.16 for at least 20 trading days in the 30 consecutive trading day period ending on the last trading day of the preceding calendar quarter. The Notes may also become convertible if they have been called for redemption or upon the occurrence of certain corporate events.
- [F2]Upon conversion, the holder will receive a number of shares of common stock equal to the result obtained by dividing (x) (a) the aggregate conversion value of the notes to be converted (derived by multiplying the conversion rate (24.9121) by the ten trading day average closing price of the common stock beginning on the second trading day following the day the notes are submitted for conversion (the "average stock price")), less (b) the aggregate principal amount of the notes to be converted, by (y) the average stock price.