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NL INDUSTRIES INC — Director's Dealing 2004
Jan 26, 2004
33327_dirs_2004-01-26_43847e09-079b-4cab-aa61-88b437ed5c45.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NL INDUSTRIES INC (NL)
CIK: 0000072162
Period of Report: 2004-01-22
Reporting Person: SIMMONS GLENN R (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2004-01-22 | Common Stock $0.125 par value | M | 2000 | $3.9375 | Acquired | 6000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2004-01-22 | Non-Qualified Stock Option (right to buy) | $3.9375 | M | 2000 | Disposed | 2004-01-27 | Common Stock $0.125 par value (2000) | Direct |
Footnotes
F1: On December 8, 2003 NL Industries, Inc. ("NL") distributed one share of Kronos Worldwide, Inc. common stock ("KRO") for each two shares of NL common stock outstanding as of the close of business November 17, 2003. Pursuant to the terms of NL's stock option plan and in connection with the distribution, NL's management development and compensation committee adjusted the exercise price of each previously granted NL stock option, decreasing each exercise price by $8.625 per option share (which is one-half of the closing price of $17.25 per share of KRO common stock on the when-issued market on December 8, 2003, the date of the distribution).