Summary
This 8-K/A filing from Becton, Dickinson and Company (BDX), filed on May 1, 2003, primarily concerns executive stock option exercises and related transactions. The most significant event is the exercise of stock options by Chairman, President, and CEO Edward J. Ludwig, involving the purchase of 46,428 shares. A portion of these shares (26,428) were immediately sold to cover associated costs and tax obligations. Furthermore, Mr. Ludwig made a charitable contribution of 1,000 shares. Following these transactions, his direct and indirect ownership interest in BDX totals 99,053 shares. The filing also details recent investments made by Mr. Ludwig and two other executive officers into BDX common stock through the company's Deferred Compensation Plan, signaling continued insider confidence and investment in the company's equity.
Key Highlights
- 1CEO Edward J. Ludwig exercised options to purchase 46,428 shares of BDX stock.
- 2Mr. Ludwig sold 26,428 of the exercised shares to cover costs and taxes.
- 3A charitable contribution of 1,000 BDX shares was made by Mr. Ludwig.
- 4Following these transactions, Mr. Ludwig's aggregate ownership interest in BDX is 99,053 shares.
- 5Since January 1, 2003, Mr. Ludwig has invested $327,654 in 10,650 BDX shares via salary/bonus deferrals.
- 6Two other executive officers invested $243,254 in 7,892 BDX shares through similar deferral plans since January 1, 2003.