PARKER DANNY L 4
4 · TEKELEC · Filed Sep 25, 2003
Insider Transaction Report
Form 4
TEKELECTKLC
PARKER DANNY L
Chief Strategy & Corp Dev Ofcr
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2003-08-29−4,345→ 0 totalExercise: $25.31Exp: 2011-01-30→ Common Stock (4,345 underlying)
Footnotes (2)
- [F1]The option to purchase 4,354 shares provided for vesting of 1,250 shares on 3/31/04, 1,250 shares on 6/30/04, 595 shares on 9/30/04 and 1,250 shares on 3/31/05.
- [F2]On August 29, 2003, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on January 30, 2001. In exchange, the reporting person will receive a replacement option on approximately March 3, 2004, for 2,173 shares, having an exercise price equal to the market price of the underlying stock on the grant date.