Filing Details

Accession Number:
0001241079-10-000003
Form Type:
5
Zero Holdings:
No
Publication Time:
2010-06-30 13:00:00
Reporting Period:
2010-06-30
Filing Date:
2010-06-30
Accepted Time:
2010-06-30 13:24:55
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1001606 Blount International Inc BLT Cutlery, Handtools & General Hardware (3420) 630780521
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1241079 S James Osterman Blount International, Inc.
4909 Se International Way
Portland OR 97222
Former Chair. And Ceo-Retired Yes Yes No Yes
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 1999-08-19 1,176 $0.00 1,176 No 5 J Direct
Common Stock Acquisiton 1999-08-19 42,624 $0.00 43,800 No 5 J Direct
Common Stock Acquisiton 2004-09-17 100 $11.85 43,900 No 5 P Direct
Common Stock Acquisiton 2004-09-17 2,000 $11.87 45,900 No 5 P Direct
Common Stock Acquisiton 2004-09-17 7,900 $11.90 53,800 No 5 P Direct
Common Stock Disposition 2005-02-02 5,000 $0.00 48,800 No 5 G Direct
Common Stock Disposition 2010-03-18 41,500 $10.57 7,300 No 5 S Direct
Common Stock Disposition 2010-03-19 7,300 $10.64 0 No 5 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 5 J Direct
No 5 J Direct
No 5 P Direct
No 5 P Direct
No 5 P Direct
No 5 G Direct
No 5 S Direct
No 5 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock 1999 Stock Incentive Plan (Right to Buy) Acquisiton 1999-08-19 60,000 $15.00 60,000 $15.00
Common Stock 1999 Stock Incentive Plan (Right to Buy) Acquisiton 1999-08-19 60,000 $15.00 60,000 $15.00
Common Stock 2000 Stock Incentive Plan (Right to Buy) Acquisiton 2001-06-29 150,000 $5.00 150,000 $5.00
Common Stock 2000 Stock Incentive Plan (Right to Buy) Acquisiton 2002-03-15 150,000 $2.85 150,000 $2.85
Common Stock 2000 Stock Incentive Plan (Right to Buy) Acquisiton 2002-02-14 39,400 $3.03 39,400 $3.03
Common Stock 2000 Stock Incentive Plan (Right to Buy) Acquisiton 2004-02-02 50,000 $5.05 50,000 $5.05
Common Stock 1999 and 2000 Stock Incentive Plan (Right to Buy) Acquisiton 2004-12-21 50,000 $16.62 50,000 $16.62
Common Stock Restricted Stock Award Acquisiton 2006-08-24 35,256 $0.00 35,256 $0.00
Common Stock Restricted Stock Award Acquisiton 2007-03-01 46,000 $0.00 46,000 $0.00
Common Stock Restricted Stock Award Acquisiton 2008-03-01 53,000 $0.00 53,000 $0.00
Common Stock Restricted Stock Award Disposition 2009-03-13 11,699 $0.00 11,699 $0.00
Common Stock Restricted Stock Award Disposition 2009-08-24 4,168 $0.00 4,168 $0.00
Common Stock Restricted Stock Unit Award Disposition 2009-12-18 17,962 $0.00 17,962 $0.00
Common Stock Restricted Stock Unit Award Disposition 2010-03-11 127,921 $0.00 127,921 $0.00
Common Stock Restricted Stock Awards and Units Disposition 2010-03-19 79,121 $10.64 79,121 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2009-08-18 No 5 J Direct
0 2009-08-18 No 5 J Direct
150,000 2011-06-29 No 5 J Direct
300,000 2012-03-15 No 5 J Direct
339,400 2012-02-19 No 5 J Direct
389,400 2014-02-02 No 5 J Direct
439,400 2014-12-21 No 5 J Direct
474,656 No 5 J Direct
520,656 No 5 J Direct
573,656 No 5 J Direct
561,957 No 5 F Direct
557,789 No 5 F Direct
539,827 2009-12-18 No 5 F Direct
411,906 2010-03-11 No 5 M Direct
332,785 No 5 S Direct
Footnotes
  1. Shares of Blount International, Inc. Class A common stock converted 2-for-1 shares of Blount International, Inc. common stock.
  2. In connection with merger of Red Dog Acquisition Corp. into Blount International, Inc. on August 19, 1999, all outstanding stock options were cancelled and the spread between exercise price and $30 was paid in cash and stock to employee.
  3. Gift to children and grandchildren who do not share reporting person's household. The reporting person disclaims beneficial ownership of the shares held by his children and grandchildren, and this report should not be deemed an admission that the reporting person is the beneficial owner of his children or grandchildren's shares for purposes of Section 16 or for any other purpose. This transaction was gifted from reporting person's September 17, 2004 purchase of 7,900 shares at $11.90 share.
  4. All stock options granted under the 1999 and 2000 Stock Incentive Plans became fully vested on or before December 31, 2004. As to all except the 1999 Plan Performance Options, this occurred on December 20, 2004 at the time of a Change-In-Control (as defined in the 1999 and 2000 Stock Incentive Plans) upon the closing of a Secondary Offering by Lehman Brothers of 10,000,000 shares of Blount International common stock. The Performance Shares were vested as of December 31, 2004 by action taken by the Board of Directors of Blount International, Inc. THESE SHARES EXPIRED ON 8/18/09.
  5. Vested 33.33% on each succeeding anniversary date of grant for three successive years. First vesting date was December 21, 2005.
  6. The Restricted Stock Award was granted under the 2006 Equity Incentive Plan approved by shareholders on April 25, 2006.
  7. Vesting occurred with respect to 67% of the shares on August 24, 2008 and will occur for 33% of the shares on August 24, 2009; however, upon Mr. Osterman's retirement, any unvested shares become immediately vested.
  8. A Restricted Stock unit is an unsecured promise to transfer a share at a specified future date. The shares do not have an expiration date.
  9. The Restricted Stock unit shall vest in three equal annual installments, the first vests one year after date of grant and the second and third vest thereafter on the second and third anniversaries of the date of grant, respectfully. If Grantee's employment with the Company is terminated by his retirement, all outstanding unvested Restricted Stock units shall immediately vest.
  10. 17,962 shares for payment of tax liability by withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. 15,334 shares of the 2007 grant, and 35,334 shares of the 2008 grant vest immediately upon Mr. Osterman's retirement on December 18, 2009.
  11. Broker-Assisted Cashless Exercise (Exercise and Immediate Sale through Broker on 3/11/10).
  12. Exercise and Immediate Sale through Broker on 3/18/10 at $10.572.
  13. Open market sale through Broker.
  14. Broker assisted sale on 3/19/10 consisted of the sale of 79,121 RSU shares and 7,300 from open market and 1999 acquired shares sold at $10.64/share.