BORLAND GINA 4
4 · GENERAL COMMUNICATION INC · Filed Sep 10, 2009
Insider Transaction Report
Form 4
BORLAND GINA
VP Prod Mgmt Voice & Messaging
Transactions
- Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2009-09-08−20,000→ 0 totalExercise: $6.00From: 2004-06-01Exp: 2013-06-01→ Class A Common Stock (20,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2009-09-08−50,000→ 0 totalExercise: $7.12From: 2005-06-15Exp: 2010-12-12→ Class A Common Stock (50,000 underlying) - Award
Class A Common Stock
2009-09-08+44,019→ 44,073 total
Holdings
- 42,725(indirect: By Trust)
Class A Common Stock
Footnotes (2)
- [F1]On September 8, 2009, the issuer canceled each of the options set forth in Table II above pursuant to the issuer's option exchange program. In exchange for the options, the reporting person received the restricted shares of Class A Common Stock (the "Restricted Stock") set forth in Table I above. 50% of the shares of Restricted Stock will vest on December 20, 2011, and the remaining 50% of the shares of Restricted Stock will vest on February 28, 2012.
- [F2]All shares owned by virtue of participation in the Company's Employee Stock Purchase Plan through December 31, 2008.