Pekarek Werner 4
4 · CLEARONE COMMUNICATIONS INC · Filed Jan 31, 2005
Insider Transaction Report
Form 4
Pekarek Werner
VP of Operations
Transactions
- Award
Employee Stock Option (right to buy)
2005-01-27+45,000→ 45,000 totalExercise: $4.00Exp: 2015-01-27→ Common Stock (45,000 underlying)
Footnotes (1)
- [F1]One-third of the options granted will vest on the first anniversary of the stock option grant. The remaining options will vest in equal monthly increments over the remaining 24-month period. In addition, the grant agreements will reflect a provision for immediate vesting of all options immeidately prior to a change in control or a coprorate transaction in the company, as defined in the 1998 Stock Option Plan.