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
LINDSAY CORP [ LNN ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 07/15/2008 | ||||||||||||||||||||||||||
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 | 07/15/2008 | M(1) | 70,000 | A | $14 | 107,339(2) | D | |||
Common Stock | 07/15/2008 | S(1) | 40,000 | D | $75.0316(3) | 67,339(2) | D |
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 | ||||||||
Option to Purchase | $14 | 07/15/2008 | M(1) | 70,000 | (4) | 04/05/2010 | Common Stock | 70,000 | $0 | 95,000 | D | ||||
Option to Purchase | $14 | (5) | 04/05/2010 | Common Stock | 50,000 | 50,000 | D | ||||||||
Option to Purchase | $21.52 | (6) | 04/24/2013 | Common Stock | 45,000 | 45,000 | D | ||||||||
Option to Purchase | $25.77 | (7) | 04/22/2014 | Common Stock | 45,000 | 45,000 | D | ||||||||
Option to Purchase | $24.29 | (8) | 08/15/2015 | Common Stock | 22,500 | 22,500 | D | ||||||||
Option to Purchase | $19.33 | (9) | 11/08/2015 | Common Stock | 22,500 | 22,500 | D |
Explanation of Responses: |
1. The exercise of 40,000 options and the sale of 40,000 shares of common stock were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 13, 2008. The acquisition of the other 30,000 shares of common stock was done pursuant to the exercise of 30,000 options for which the reporting person paid the exercise price, and he now owns those shares. |
2. Includes common stock in the form of restricted stock units. |
3. The actual sale prices range from $73.35 to $76.46. |
4. The option vests in five equal annual installments beginning on April 5, 2001. |
5. These options to purchase common stock are exercisable on or after the first day following the completion of a period of twenty (20) consecutive business days on which the fair market value exceeds $40.00 per share - but only if such period is completed prior to 4/5/05 - alternatively, these options to purchase common stock are exercisable on or after 4/5/09. |
6. The option vests in five equal annual installments beginning on April 24, 2004. |
7. The option vests in five equal annual installments beginning on April 22, 2005. |
8. The option vests in five equal annual installments beginning on August 15, 2006. |
9. The option vests in five equal annual installments beginning on November 8, 2006. |
Remarks: |
By: Timothy Paymal | 07/17/2008 | |
** 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. |