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)
|
08/31/2005(2)
|
08/30/2014 |
Common Stock
|
15,000
|
$
42.16
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
02/22/2006(3)
|
02/21/2015 |
Common Stock
|
4,000
|
$
33.88
|
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) |
Reflects Reporting Person's ownership of restricted share rights covering 600 shares of the Issuer's common stock awarded to the Reporting Person on February 22, 2005 in a transaction exempt under SEC Rule 16b-3(d). The units will vest, and the underlying shares of the Issuer's common stock will become issuable, upon the earlier of (i) 40% of the total number of shares after the first 2 years from the date of grant, and 60% as to the total number of shares after 4 years from the date of grant, or (ii) the termination of the Reporting Person's employment by the Issuer without cause. |
(2) |
Employee Stock Option granted under the Chiron 2004 Stock Compensation Plan in transaction exempt under Rule 16b-3. Right to exercise vests as to 1/4 of the total shares on the first anniversary of the hire date and monthly thereafter as to 1/48 of the total shares, subject to acceleration of vesting upon certain qualifying terminations of employment. The Chiron 2004 Stock Compensation Plan has provisions permitting, in the discretion of the Administrator, the withholding of shares from the grant to satisfy income tax withholding. |
(3) |
Employee Stock Option granted under the Chiron 2004 Stock Compensation Plan in transaction exempt under Rule 16b-3. Right to exercise vests as to 1/4 of the total shares on the first anniversary of the grant date and monthly thereafter as to 1/48 of the total shares, subject to acceleration of vesting upon certain qualifying terminations of employment. The Chiron 2004 Stock Compensation Plan has provisions permitting, in the discretion of the Administrator, the withholding of shares from the grant to satisfy income tax withholding. |