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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock-Settled Appreciation Right | $ 45.41 (6) | 04/16/2007 | A | 7,500 | 04/16/2010 | 04/16/2012 | Common Stock | 7,500 | $ 0 (7) | 7,500 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Birns Ira M C/O WORLD FUEL SERVICES CORPORATION 9800 N.W. 41ST STREET MIAMI, FL 33178 |
CFO, Executive VP |
/s/ Ira M. Birns | 04/18/2007 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | These shares were issued as a restricted stock award to the reporting person by the issuer under the issuer's 2006 Omnibus Plan. |
(2) | These shares will vest in three consecutive annual installments of 2,000 shares each, commencing on April 16, 2008. |
(3) | These shares were granted to the reporting person, without payment therefor, as compensation for serving as an executive officer of the issuer. |
(4) | These shares were issued as a restricted stock award to the reporting person by the issuer under the issuer's 2006 Omnibus Plan. |
(5) | The reported number of restricted shares represents the maximum number of shares which will vest. Up to 20% of these shares may be earned during each of the five calendar years during the performance period from January 1, 2007 through December 31, 2011, based on the issuer's achievement of certain levels of growth in net income for that year. Any shares earned during the first four years of the performance period will vest upon certification of the issuer's 2010 financial results, and any shares earned during the fifth year of the performance period will vest upon the certification of the issuer's 2011 financial results. |
(6) | The number shown is the closing price for the issuer's common stock on the NYSE on Friday, April 14, 2007. |
(7) | These SSARs were granted to the reporting person, without payment therefor, as compensation for serving as an executive officer of the issuer. |