1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Employee Stock Option (Right to Buy)
|
09/01/2007(1)
|
08/31/2016 |
Common Stock, $0.01 par value
|
3,000,000
|
$
8.28
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
Â
(2)
|
08/31/2011 |
Common Stock, $0.01 par value
|
1,000,000
|
$
8.28
|
D
|
Â
|
Ford Stock Units
|
Â
(3)
|
Â
(3)
|
Common Stock, $0.01 par value
|
600,000
|
$
(3)
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(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) |
The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (09/01/2006), 66% after two years, and in full after three years. |
(2) |
The option becomes exercisable, if at all, in four 250,000 share increments if the daily closing price of Ford common stock on the New York Stock Exchange during any 30 consecutive trading day period exceeds $15, $20, $25 and $30, respectively. |
(3) |
These Ford Restricted Stock Units will be converted and distributed to me, without payment, in three 200,000 unit increments, payable in cash based on the then current market value of Common Stock on September 1, 2007, September 1, 2008 and September 1, 2009, respectively. |