-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VBnHwUkoFe/HgCzs8bbhP+jJ4yHLDel6xBBFmzV820I9t60rtD1yhGbbdyIGr4oy nMy3Z4idp/TQ879XMj4Llw== 0001171520-03-000218.txt : 20030807 0001171520-03-000218.hdr.sgml : 20030807 20030807174906 ACCESSION NUMBER: 0001171520-03-000218 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030806 FILED AS OF DATE: 20030807 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: WATTS INDUSTRIES INC CENTRAL INDEX KEY: 0000795403 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED METAL PRODUCTS [3490] IRS NUMBER: 042916536 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 BUSINESS ADDRESS: STREET 1: 815 CHESTNUT ST CITY: NORTH ANDOVER STATE: MA ZIP: 01845 BUSINESS PHONE: 9786881811 MAIL ADDRESS: STREET 1: 815 CHESTNUT STREET CITY: NORTH ANDOVER STATE: MA ZIP: 01845 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LACOURCIERE PAUL A CENTRAL INDEX KEY: 0001234685 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11499 FILM NUMBER: 03829614 BUSINESS ADDRESS: STREET 1: WATTS INDUSTRIES INC STREET 2: ROUTE 815 CHESTNUT ST CITY: NORTH ANDOVER STATE: MA ZIP: 01845 BUSINESS PHONE: 9786881811 MAIL ADDRESS: STREET 1: WATTS INDUSTRIES INC STREET 2: ROUTE 815 CHESTNUT ST CITY: NORTH ANDOVER STATE: MA ZIP: 01845 4 1 d1226_ex.xml X0201 4 2003-08-06 0 0000795403 WATTS INDUSTRIES INC WTS 0001234685 LACOURCIERE PAUL A C/O WATTS INDUSTRIES INC 815 CHESTNUT ST NORTH ANDOVER MA 01845 0 1 0 0 Corporate VP of Manufacturing Incentive Stock Option 15.35 2004-09-01 Class A Common Stock 18565 18565 D Incentive Stock Option 15.107 2005-09-01 Class A Common Stock 23210 23210 D Restricted Stock Unit 7.937 Class A Common Stock 3931 3931 D Incentive Stock Option 16.40 2007-08-05 Class A Common Stock 23210 23210 D Restricted Stock Unit 12.30 Class A Common Stock 2791 2791 D Incentive Stock Option 11.916 2008-08-11 Class A Common Stock 6188 6188 D Restricted Stock Unit 7.984 Class A Common Stock 7284 7284 D Incentive Stock Option 12.441 2009-08-04 Class A Common Stock 18565 18565 D Restricted Stock Unit 8.336 Class A Common Stock 8336 8336 D Restricted Stock Unit 9.547 Class A Common Stock 1326 1326 D Incentive Stock Option 11.375 2010-07-25 Class A Common Stock 20000 20000 D Restricted Stock Unit 10.00 Class A Common Stock 1398 1398 D Incentive Stock Option 15.45 2011-08-20 Class A Common Stock 20000 20000 D Restricted Stock Unit 9.3667 Class A Common Stock 1498 1498 D Incentive Stock Option 15.75 2012-07-24 Class A Common Stock 20000 20000 D Restricted Stock Unit 10.51 Class A Common Stock 7613 7613 D Incentive Stock Option 17.50 2003-08-06 4 A 0 20000 17.50 A 2013-08-06 Class A Common Stock 20000 20000 D Granted pursuant to the Watts Industries, Inc. 1986 Incentive Stock Option Plan in a transaction exempt under Rule 16b-3 promulgated under the Exchange Act. 18,565 shares currently exercisable. 23,210 shares currently exercisable. Options granted pursuant to the Watts Industries, Inc. 1996 Stock Option Plan in a transaction exempt under Rule 16b-3 promulgated under the Exchange Act. Awarded pursuant to the Watts Industries, Inc. Management Stock Purchase Plan in a transaction exempt under Rule 16b-3(d) promulgated under the Exchange Act. RSUs are awarded in lieu of all or a portion of the reporting person's annual bonus at the reporting person's election at a price equal to 75% of the fair market value of the Class A common Stock on the date of award. Restricted Stock Units (RSUs) vest three years from the date of award and entitle the owner to one share of Class A Common Stock for each vested RSU on such date or a later date if a deferral period was selected by such owner. All or a portion of the non-vested RSUs will be canceled in the event of termination of employment, death or permanent disability. 4,642 shares exercisable on August 5 in each of 1998, 1999, 2000, 2001 and 2002. 3,094 shares exercisable on August 11th in each of 2002 and 2003. Awarded pursuant to the Watts Industries, Inc. Management Stock Purchase Plan in a transaction exempt under Rule 16b-3(d) promulgated under the Exchange Act. RSUs are awarded in lieu of all or a portion of the reporting person's annual bonus at the reporting person's election at a price equal to 67% of the fair market value of the Class A common Stock on the date of award. The number of shares underlying options and exercise prices and the number of shares underlying Restricted Stock Units (RSUs) and the price of such RSUs were adjusted equally for all of the Company's Class A Common Stock to reflect the Company's spin-off of CIRCOR International, Inc. on October 18, 1999. Shareholders of the Company received a dividend of one share of common stock in CIRCOR for every two shares of Company common stock. The dividend and options/RSUs adjustment are exempt in accordance with Rule 16a-9(a) under the Exchange Act. 3,713 shares exercisable on each of August 10th, 2000, 2001, 2002, 2003 and 2004. 4,000 shares exercisable on each July 25, 2001, 2002, 2003, 2004 and 2005. 4,000 shares are exercisable on each August 20, 2002, 2003, 2004, 2005 and 2006. 4,000 shares are exercisable on each July 24, 2003, 2004, 2005, 2006 and 2007. 4,000 shares are exercisable on each August 6, 2004, 2005, 2006, 2007 and 2008. Paul A. Lacourciere 2003-08-06 -----END PRIVACY-ENHANCED MESSAGE-----