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 |
Employee Stock Option (right to buy)
(2)
|
Â
(3)
|
03/09/2014 |
Common Stock, par value $0.01 per share
|
9,423
|
$
12.8
|
D
|
Â
|
Employee Stock Option (right to buy)
|
Â
(4)
|
03/04/2015 |
Common Stock, par value $0.01 per share
|
75,000
|
$
3.1
|
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). |
(1) |
These shares were granted by the board of directors under the PGT, Inc. 2006 Equity Incentive Plan and will vest in full on March 9, 2010. |
(2) |
On March 6, 2008, the board of directors of PGT, Inc. approved the cancellation of these stock options and the issuance of an equal number of replacement stock options having an exercise price of $3.09. The replacement stock options will become exercisable in three equal annual installments on March 6, 2009, March 6, 2010, and March 6, 2011. Pursuant to the terms of the Replacement Option Agreement executed by Mr. Cross on March 6, 2008, the grant of replacement options is conditioned upon the approval of the Company's stockholders at a duly called annual or special meeting. If the grant of replacement options and the cancellation and termination of Mr. Cross's current option agreement fail to be approved by the Company's stockholders on or prior to September 30, 2008, the Replacement Option Agreement will automatically expire without further action of the parties and become null and void, and the current option agreement will be reinstated and continue in full force and effect. |
(3) |
These shares were granted by the board of directors under the PGT, Inc. 2006 Equity Incentive Plan and will become exercisable in three equal annual installments on March 9, 2008, March 9, 2009, and March 9, 2010. |
(4) |
These shares were granted by the board of directors under the PGT, Inc. 2006 Equity Incentive Plan and will become exercisable in three equal annual installments on March 4, 2009, March 4, 2010, and March 4, 2011. |