FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
CSK AUTO CORP [ CAO ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/28/2007 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 06/28/2007 | F(1) | 227 | D | $18.48 | 7,779(2) | D | |||
Common Stock | 1,419 | I(3) | Trust |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Non-Qualified Stock Option (right to buy) | $14 | (4) | 12/31/2007 | Common Stock | 1,400 | 1,400 | D | ||||||||
Non-Qualified Stock Option (right to buy) | $16.615 | (5) | 11/30/2013 | Common Stock | 21,998 | 21,998 | D | ||||||||
Incentive Bonus Unit | $20 | (6) | (6) | Incentive Bonus Unit | 125,000 | 125,000 | D | ||||||||
Non-Qualified Stock Option (right to buy) | $12.04 | (4) | 04/30/2008 | Common Stock | 353 | 353 | D | ||||||||
Non-Qualified Stock Option (right to buy) | $9.87 | (4) | 04/05/2009 | Common Stock | 1,650 | 1,650 | D | ||||||||
Non-Qualified Stock Option (right to buy) | $13.32 | (7) | 10/18/2011 | Common Stock | 20,000 | 20,000 | D | ||||||||
Non-Qualified Stock Option (right to buy) | $16.35 | (8) | 06/28/2012 | Common Stock | 13,154 | 13,154 | D |
Explanation of Responses: |
1. Represents shares of restricted stock granted June 28, 2005 (the "Grant Date") surrendered to the Company solely for the purpose of satisfying tax obligations arising upon the vesting of a portion of the restricted shares awarded on the Grant Date. |
2. This includes 5,409 shares of Restricted Common Stock, which is subject to vesting. |
3. Held in a trust for the benefit of Reporting Person and spouse. |
4. This option grant is fully vested. |
5. This option grant becomes vested and exercisable at the rate of one-third on 11/30/2007, one-third on 11/30/2008, and one-third on 11/30/2009. |
6. The reported incentive bonus units will become vested with respect to 25% of the total number of incentive bonus units granted on May 15 of each of the calendar years 2007, 2008, 2009 and 2010, and will entitle the reporting person to receive a distribution of cash equal in value to the amount by which the average of the per share closing prices of the Company's common stock over a specified period of time exceeds the base value of $20.00 (which is subject to adjustment in the event of a change in the Company's capitalization). In the event the formula decribed above results in no payment to the reporting person on a vesting date, then the incentive bonus units vesting on such date will be forfeited without consideration. |
7. This option grant becomes vested and exercisable at the rate of one-third on 10/18/2005, one-third on 10/18/2006, and one-third on 10/18/2007. |
8. On January 29, 2006, the Company accelerated the vesting of all stock option grants with an exercise price greater than $15.90 per share, which includes this option grant with an exercise price of $16.35. Shares under this option grant are subject to a sale restriction that prohibits the option holder from selling the shares until the original vesting date. Accordingly, the option holder may only sell 1/3 of the original grant on or after 6/28/06, an additional 1/3 of the original grant on or after 6/28/07 and the remaining 1/3 of the original grant on or after 6/28/08. |
Remarks: |
Executed pursuant to the Limited Power of Attorney for Section 16 Reporting Obligations dated October 13, 2006. |
John W. Saar By: /s/ James R. Todd Attorney in Fact | 07/02/2007 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |