4//SEC Filing
Jaffe Jeffrey M 4
Accession 0000758004-08-000191
CIK 0000758004other
Filed
Dec 23, 7:00 PM ET
Accepted
Dec 24, 11:58 AM ET
Size
22.1 KB
Accession
0000758004-08-000191
Insider Transaction Report
Form 4
NOVELL INCNOVL
Jaffe Jeffrey M
Exec. Vice President & CTO
Transactions
- Award
Common Stock
2008-12-23+18,628→ 212,791 total - Tax Payment
Common Stock
2008-12-23$3.47/sh−6,297$21,851→ 206,494 total - Tax Payment
Common Stock
2008-12-23$3.47/sh−2,562$8,890→ 171,851 total - Exercise/Conversion
Restricted Stock Units
2008-12-23−7,578→ 0 total→ Common Stock (7,578 underlying) - Tax Payment
Common Stock
2008-12-23$3.47/sh−11,721$40,672→ 194,806 total - Exercise/Conversion
Common Stock
2008-12-23+7,578→ 174,413 total - Exercise/Conversion
Restricted Stock Units
2008-12-23−34,676→ 0 total→ Common Stock (34,676 underlying) - Tax Payment
Common Stock
2008-12-23$3.47/sh−643$2,231→ 194,163 total - Exercise/Conversion
Common Stock
2008-12-23+34,676→ 206,527 total - Award
Stock Option (right to buy)
2008-12-23+25,873→ 25,873 totalExercise: $6.71From: 2008-12-23Exp: 2015-12-18→ Common Stock (25,873 underlying)
Footnotes (4)
- [F1]The 15,154 restricted stock units granted on December 12, 2006 vested 50% on December 21, 2007 and the remainder vested on December 23, 2008 based on Novell's satisfaction of certain performance criteria. As restricted stock units vest, the vested units are automatically converted to vested common stock on a one-for-one basis on the vesting date.
- [F2]The 57,793 restricted stock units granted on February 2, 2007 vested 40% on December 21, 2007 and the remainder vested on December 23, 2008 based on Novell's satisfaction of certain performance criteria. As restricted stock units vest, the vested units are automatically converted to vested common stock on a one-for-one basis on the vesting date.
- [F3]Each restricted stock unit represented the contingent right to receive one share of Novell common stock.
- [F4]On December 18, 2007, the reporting person was granted an option to purchase 103,494 shares of common stock. The option vests in four equal annual installments based on Novell's satisfaction of certain performance criteria for each of the fiscal years ending October 31, 2008, 2009, 2010 and 2011. The performance criteria for 2008 were met, resulting in the vesting of the option as to 25,873 shares.
Documents
Issuer
NOVELL INC
CIK 0000758004
Entity typeother
Related Parties
1- filerCIK 0001345525
Filing Metadata
- Form type
- 4
- Filed
- Dec 23, 7:00 PM ET
- Accepted
- Dec 24, 11:58 AM ET
- Size
- 22.1 KB