LESCO INC/OH 4
4 · LESCO INC/OH · Filed May 9, 2007
Insider Transaction Report
Form 4
LESCO INC/OHLSCO
THORN BRUCE K
Sr. Vice President, Operations
Transactions
- Disposition to Issuer
Employee Stock Option
2007-05-07$6.89/sh−45,000$310,050→ 0 totalExercise: $7.61From: 2004-12-31Exp: 2007-05-07→ Common Shares (45,000 underlying) - Disposition to Issuer
Employee Stock Option
2007-05-07$1.10/sh−15,000$16,500→ 0 totalExercise: $13.40From: 2005-12-31Exp: 2007-05-07→ Common Shares (15,000 underlying) - Disposition to Issuer
Employee Stock Option
2007-05-07$6.89/sh−20,000$137,800→ 0 totalExercise: $7.61From: 2002-12-31Exp: 2007-05-07→ Common Shares (20,000 underlying) - Disposition to Issuer
Common Shares (Restricted)
2007-05-07$14.50/sh−24,500$355,250→ 0 total
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger ("Merger Agreement"), dated February 19, 2007, among Deere & Company, Deere Merger Sub, Inc. and LESCO, Inc., and the transactions contemplated thereby, the restricted common shares of LESCO, Inc. vested prior to the effective time of the merger. The common shares were then disposed of pursuant to the merger with Deere & Company.
- [F2]Pursuant to the Merger Agreement and the transactions contemplated thereby, options to purchase common shares fully vested and were converted into the right to receive, without interest and less applicable withholding taxes, an amount in cash equal to the product of: (x) the excess, if any, of $14.50 over the exercise price per common share subject to that option multiplied by (y) the aggregate number of common shares underlying that option immediately prior to the effective time.