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HUBBELL INC — Director's Dealing 2011
Feb 15, 2011
30249_dirs_2011-02-14_d35c9bc4-8745-49bf-bea6-2e2ccbe46f78.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: HUBBELL INC (HUBA, HUBB)
CIK: 0000048898
Period of Report: 2011-02-10
Reporting Person: TOLLEY WILLIAM T (Group Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-02-10 | Class B Common ($.01 Par) | M | 10140 | $44.31 | Acquired | 38885 | Direct |
| 2011-02-10 | Class B Common ($.01 Par) | S | 10140 | $64.91 | Disposed | 28745 | Direct |
| 2011-02-10 | Class B Common ($.01 Par) | A | 1949 | $0.00 | Acquired | 30694 | Direct |
| 2011-02-10 | Class B Common ($.01 Par) | F | 750 | $64.68 | Disposed | 29944 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-02-10 | Employee Stock Option | $44.31 | M | 10140 | Disposed | 2013-12-01 | Class B (10140) | Direct |
Footnotes
F1: The reporting person's sale of Hubbell Incorporated Class B Common Stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934 with the reporting person's purchase on December 15, 2010. The reporting person has paid to Hubbell Incorporated the full amount of the profit realized in connection with the short-swing transaction, less transaction costs and the amount of profit the reporting person previously paid to the company in connection with the reporting person's sale on December 13, 2010 as reported in footnote 1 to the reporting person's Form 4 filed on December 17, 2010. Of the 20,000 shares of Class B Common Stock the reporting person purchased on December 15, 2010, a total of 19,877 were matchable under Section 16(b) with the reporting person's sales on December 13, 2010 and February 10, 2011.
F2: The average per share price for all the shares sold was $64.91, with the lowest share price being $64.66 and the highest per share price being $65.05 per share.
F3: Settlement of performance shares granted on December 3, 2007, which vested based on the Company's total shareholder return as compared to the total shareholder return of other companies in the S&P Mid-Cap 400 Index and the improvements in the Company's operating margins.
F4: Shares withheld for payment of taxes upon vesting of performance shares.
F5: 33 1/3% on first anniversary date of grant; 33 1/3% on second anniversary date of grant; balance on third anniversary date of grant.