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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 | ||||||||
Variable Prepaid Forward Sales Contract | (1) (2) (3) | 05/27/2005 | J(1)(2)(3) | 50,000 (1) (2) (3) | (1)(2)(3) | (1)(2)(3) | Common Stock | 0 | (1) (2) (3) | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
WOOTEN ROSALIE OREILLY 233 SOUTH PATTERSON SPRINGFIELD, MO 65802 |
X |
Rosalie Wooten | 06/01/2005 | |
**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) | On March 20, 2002, the reporting person entered into a variable prepaid forward arrangement ("VPF") with an unaffiliated third party buyer (the "Buyer") pursuant to which the reporting person received a cash payment of $1,364,000. In exchange for the cash payment, the reporting person pledged 50,000 shares of common stock of O'Reilly Automotive, Inc. (the "Company") and agreed to settle the VPF with either a payment of cash or the delivery of up to 50,000 shares of the Company's common stock. The reporting person chose to settle the VPF through the delivery of shares. The number of shares delivered by the reporting person to the Buyer at settlement was based upon the price of the Company's common stock on each of the 20 business days (each an "Averaging Date") prior to and including May 27, 2005 (each a "Settlement Price"), as follows: (continued in Footnote 2) |
(2) | (continued from Footnote 1) (i) if the Settlement Price were less than or equal to $31.00 per share, then the reporting person would be required to deliver 2,500 shares (which represents the total number of shares subject to the VPF divided by the number of Averaging Dates) to the Buyer; (ii) if the Settlement Price had been greater than $31.00 but less than $37.20 per share, then the reporting person would be required to deliver a number of shares equal to the product of 2,500 times $31.00, divided by the Settlement Price; and (continued in Footnote 3) |
(3) | (continued from Footnote 2) (iii) if the Settlement Price were greater than $37.20, then the reporting person would be required to deliver a number of shares equal to 2,500 multiplied by a fraction, the numerator of which would be the sum of $31.00 plus the difference between the Settlement Price and $37.20, and the denominator of which would be the Settlement Price. The Settlement Price on each Averaging Date ranged from a high of $57.60 and a low of $50.89, resulting in the reporting person delivering a total of 44,318 shares of the Company's common stock to the Buyer. |