-----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, TCBPIIi/XA+XXBmtUICt8NySYr7YnbFiG8sjS2Kq11RlcMobDa6HqfAiYHTcilzs RxBDvPnzqJvRyeGxlChTnA== 0001171520-03-000255.txt : 20030821 0001171520-03-000255.hdr.sgml : 20030821 20030821175303 ACCESSION NUMBER: 0001171520-03-000255 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030820 FILED AS OF DATE: 20030821 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: ELLIOTT ERNEST E CENTRAL INDEX KEY: 0001234684 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11499 FILM NUMBER: 03860992 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 eps1253_ex.xml ERNEST E. ELLIOTT X0201 4 2003-08-20 0 0000795403 WATTS INDUSTRIES INC WTS 0001234684 ELLIOTT ERNEST E C/O WATTS INDUSTRIES INC 815 CHESTNUT ST NORTH ANDOVER MA 01845 0 1 0 0 Executive VP of Marketing Class A Common Stock 2003-08-20 4 M 0 5000 15.35 A 6915 D Class A Common Stock 2003-08-20 4 S 0 5000 18.707 D 1915 D Class A Common Stock 50 I By Spouse Incentive Stock Option 15.35 2003-08-20 4 M 0 5000 15.35 D 2004-09-01 Class A Common Stock 5000 11245 D Incentive Stock Option 15.107 2005-09-01 Class A Common Stock 16245 16245 D Restricted Stock Unit 7.7937 Class A Common Stock 4410 4410 D Incentive Stock Option 16.40 2007-08-05 Class A Common Stock 19340 19340 D Restricted Stock Unit 12.30 Class A Common Stock 3063 3063 D Incentive Stock Option 11.916 2006-08-06 Class A Common Stock 12279 12279 D Restricted Stock Unit 7.984 Class A Common Stock 7116 7116 D Incentive Stock Option 12.441 2009-08-10 Class A Common Stock 18565 18565 D Restricted Stock Unit 8.336 Class A Common Stock 4970 4970 D Incentive Stock Option 11.375 2010-07-25 Class A Common Stock 15000 15000 D Restricted Stock Unit 9.547 Class A Common Stock 3021 3021 D Restricted Stock Unit 10.00 Class A Common Stock 4195 4195 D Incentive Stock Option 15.45 2011-08-20 Class A Common Stock 15000 15000 D Restricted Stock Unit 9.3667 Class A Common Stock 2187 2187 D Incentive Stock Option 15.75 2012-07-24 Class A Common Stock 15000 15000 D Restricted Stock Unit 10.51 Class A Common Stock 6066 6066 D Incentive Stock Option 17.50 2013-08-06 Class A Common Stock 15000 15000 D Granted pursuant to the Watts Industries, Inc. 1986 Incentive Stock Option plan in a transaction exempt from Section 16b of the Exchange Act. 16,245 shares currently exercisable. 16,245 shares currently exercisable. 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. 19,340 shares are currently exercisable. Granted pursuant to the Watts Industries, Inc. 1996 Stock Option Plan in a transaction exempt from Section 16b of the Exchange Act. 12,279 shares are currently exercisable. 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. 3,713 shares exercisable on each of August 10th, 2000, 2001, 2002, 2003 and 2004. 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. 3,000 shares exercisable on each of July 25, 2001, 2002, 2003, 2004, 2005. 3,000 shares exercisable on each of August 20, 2002, 2003, 2004, 2005, and 2006. 3,000 shares exercisable on each July 24, 2003, 2004, 2005, 2006 and 2007. 3,000 shares exercisable on each August 6, 2004, 2005, 2006, 2007, and 2008. Shares acquired pursuant to the cashless exercise of stock options. Ernest Elliot 2003-08-21 -----END PRIVACY-ENHANCED MESSAGE-----