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DANAHER CORP /DE/ — Director's Dealing 2010
Jan 4, 2010
29832_dirs_2010-01-04_7a8c850e-2f91-4999-a4c7-e66a12118572.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: DANAHER CORP /DE/ (DHR)
CIK: 0000313616
Period of Report: 2010-01-01
Reporting Person: DITKOFF JAMES H (Senior VP-Finance & Tax)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-01-01 | Executive Deferred Incentive Program -- Danaher Stock Fund | $0 | A | 663.2 | Acquired | Common Stock (663.2) | Direct |
Footnotes
F1: Compensation deferred or contributed into the Danaher stock fund (the "EDIP Stock Fund") included in Danaher's Executive Deferred Incentive Program (the "EDIP") is deemed to be invested in a number of unfunded, notional shares of Danaher common stock based on the closing price of Danaher common stock as reported on the NYSE on the date such compensation is credited to the EDIP Stock Fund. The price shown in Table II, Column 8 above is the closing price per share of Danaher common stock as reported on the NYSE on December 31, 2009.
F2: The notional shares convert on a one-for-one basis.
F3: In accordance with the terms of the EDIP, on January 1, 2010, Danaher credited a specified amount to the EDIP Stock Fund of the reporting person, which amount has been deemed to be invested in a number of unfunded, notional shares of Danaher common stock based on the closing price of Danaher common stock as reported on the NYSE on December 31, 2009.
F4: The reporting person immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund. The reporting person immediately vests in 2/3 of each company contribution to the EDIP Stock Fund, with the remaining 1/3 of the contribution vesting 100% upon the earlier of the reporting person's death, or upon retirement following at least 5 years of service with Danaher and reaching the age of 55, or if earlier, one-third per vesting year of participation following eleven vesting years of participation, in each case in accordance with the plan. Upon termination of employment, the vested portion of the EDIP Stock Fund is settled in shares of Danaher common stock.