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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
o
Check this box if no longer
subject to Section 16.
Form 4 or Form 5
obligations may continue.
See Instruction 1(b).
1.
Name and Address of Reporting
Person* (Last, First, Middle)
2.
Issuer Name and Ticker or
Trading Symbol
3.
I.R.S. Identification Number of
Reporting
Person, if an entity (Voluntary)
Ashcroft, Mark, J.
Sola International Inc (SOL)
10590 West Ocean Air Drive Suite 300
4.
Statement for Month/Day/Year
5.
If Amendment, Date of Original (Month/Day/Year)
03/24/2003
(Street)
6.
Relationship of Reporting Person(s)
to Issuer (Check All Applicable)
7.
Individual or Joint/Group Filing
(Check Applicable Line)
San Diego, CA 92130
(City) (State) (Zip)
o
Director
o
10% Owner
x
Form filed by One Reporting Person
x
Officer (give title below)
o
Form filed by More than One Reporting Person
o
Other (specify below)
VP
Reminder:
Report on a separate line for each class of securities
beneficially owned directly or indirectly.
*
If the form is filed by more than one reporting person, see
instruction 4(b)(v).
Table I - Non-Derivative Securities
Acquired, Disposed of, or Beneficially Owned
1.
Title of Security
(Instr. 3)
2.
Transaction Date
(Month/Day/Year)
2a.
Deemed Execution
Date, if any.
(Month/Day/Year)
3.
Transaction Code
(Instr. 8)
4.
Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)
5.
Amount of Securities
Beneficially Owned
Following Reported
Transactions(s)
(Instr. 3 and 4)
6.
Ownership
Form:
Direct (D) or
Indirect (I)
(Instr. 4)
7.
Nature of
Indirect
Beneficial
Ownership
(Instr. 4)
Code
V
Amount
(A)
or
(D)
Price
Page 2
Table II - Derivative Securities
Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
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)
Code
V
(A)
(D)
Common stock (1)
17.50
(2)
Common stock (1)
15.38
(2)
Common stock (1)
4.75
(2)
Common stock (1)
14.21
(2)
Common stock (1)
11.72
3/24/03
A
20,000
Page 3
Table II - Derivative Securities
Acquired, Disposed of, or Beneficially Owned - Continued
(e.g., puts, calls, warrants, options, convertible securities)
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)
Date
Exercisable
Expiration
Date
Title
Amount or
Number of
Shares
(3)
8/5/05
Common Stock
15,000
15,000
D
(4)
10/4/09
Common Stock
25,000
25,000
D
(5)
6/1/10
Common Stock
25,000
25,000
D
(6)
8/16/11
Common Stock
35,000
35,000
D
(7)
3/24/13
Common Stock
20,000
20,000
D
Explanation of Responses:
(1) Acquired pursuant to the Sola International option plan - right to buy
(2) Previously reported
(3) Vests in five annual installments of 3,000 shares on August 5, 1998, 1999, 2000, 2001, 2002
(4) Vests in five annual installments of 5,000 shares on October 4, 1999, 2000, 2001, 2002, 2003
(5) Vests in five annual installments of 5,000 shares on June 1, 2000, 2001, 2002, 2003, 2004
(6) Vests in five annual installments of 7,000 shares on August 16, 2001, 2002, 2003, 2004, 2005
(7) Vests in five annual installments of 4,000 shares on March 24, 2003, 2004, 2004, 2005, 2006, 2007
Steve Neil
Attorney-in-Fact
3/26/2003
**Signature of Reporting Person
Date
**
Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. See 18 U.S.C. 1001 and
15 U.S.C. 78ff(a).
Note:
File three copies of this Form, one of which must be manually
signed. If space is insufficient, see Instruction 6 for procedure.
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