1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Performance Shares
|
Â
(2)
|
12/31/2008 |
Common Stock
|
3,907
(2)
|
$
(2)
|
D
|
Â
|
Stock Options (Right to buy)
|
Â
(3)
|
01/25/2015 |
Common Stock
|
23,194
|
$
36.97
|
D
|
Â
|
Stock Options (Right to buy)
|
Â
(3)
|
01/25/2015 |
Common Stock
|
61,850
|
$
36.97
|
D
|
Â
|
Stock Options (Right to buy)
|
Â
(4)
|
06/30/2013 |
Common Stock
|
43,340
|
$
38.45
|
D
|
Â
|
Stock Options (Right to buy)
|
Â
(5)
|
04/27/2014 |
Common Stock
|
12,819
|
$
42.55
|
D
|
Â
|
Stock Options (Right to buy)
|
02/06/2009 |
02/06/2016 |
Common Stock
|
27,641
|
$
44.79
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(3) |
With respect to 61,850 of those options, 50% become exercisable on 1/25/09 and the remaining 50% become exercisable on 1/25/10. With respect to 23,194 of these options, 50% become exercisable on 1/25/07, 25% become exercisable on 1/25/08 and the remaining 25% become exercisable on 1/25/09. |
(1) |
This amount includes 33,010 shares of restricted stock that are currently restricted. |
(2) |
Each performance share represents the right to receive one share of common stock if the target level of performance is achieved. The performance objective for determining the number of shares earned is the Issuer's adjusted return on equity over a three year period. The actual number of shares received could range from 0-160% of the target number of shares based on a sliding scale of performance levels. For example, 50% of the shares are earned if the minimum objective is achieved, 100% of the shares are earned if the target objective is achieved and 160% of the shares are earned if the maximum objective is achieved. Payouts of performance shares will be interpolated if actual performance exceeds the minimum level, but falls between the specified intermediary levels. |
(4) |
60% of these options are currently exercisable, 20% become exercisable on 6/30/07, and the remaining 20% become exercisable on 6/30/08. |
(5) |
50% of these options are currently exercisable, 25% become exercisable on 4/27/07, and the remaining 25% become exercisable on 4/27/08. |