Shepard Marla Kay 4
4 · HENRY JACK & ASSOCIATES INC · Filed Nov 16, 2009
Insider Transaction Report
Form 4
Shepard Marla Kay
Director
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2009-11-13+10,000→ 10,000 totalExercise: $23.65Exp: 2019-11-13→ Common Stock (10,000 underlying)
Footnotes (1)
- [F1]No option granted is exercisable until six months after the date of grant. All options granted under the 2005 Non-Qualified Stock Option Plan shall be fully vested and exercisable after the fourth anniversary of the director's first election or appointment to the Board of the Company (the Initial Service Date "ISD", which for Ms. Shepard is 1-01-07). Ms. Shepard's options shall vest and become exercisable as follows: with respect to 75% of the shares, on 5/13/10 and 100% of the shares after four years from ISD.