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BORGWARNER INC — Director's Dealing 2010
Apr 5, 2010
30633_dirs_2010-04-05_0f96e457-1195-483b-be83-622e11174c8f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BORGWARNER INC (BWA)
CIK: 0000908255
Period of Report: 2010-04-01
Reporting Person: NOVAK ERNEST J JR (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-04-01 | Phantom Stock | $ | I | 13.4326 | Disposed | Common Stock (13.4326) | Direct |
Footnotes
F1: Each share of phantom stock entitled the reporting person to receive, on the Transaction Date, the cash equivalent of one share of BorgWarner common stock. Prior to payment, the reporting person had the right to transfer the value of the phantom stock account into an alternative investment account.
F2: The phantom stock does not have an exercisable date or an expiration date.
F3: Column 9 includes the reporting person's total phantom stock holdings under the BorgWarner Inc. Board of Directors Deferred Compensation Plan as of the date of this report.