ELLOY BRIAN 4
4 · BORLAND SOFTWARE CORP · Filed Nov 5, 2003
Insider Transaction Report
Form 4
ELLOY BRIAN
Sr. VP of Software Products
Transactions
- Award
Common Stock
2003-11-03+25,000→ 25,000 total - Award
Stock Option (Right to Buy)
2003-11-03$9.25/sh+50,000$462,500→ 50,000 totalExercise: $9.25From: 2004-11-03Exp: 2013-11-03→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]Represents a restricted stock grant under the terms of the 2002 Stock Incentive Plan, which shall vest over a 5 year period, subject to continued employment, as follows: 5% on November 3, 2004, 10% on November 3, 2005, 15% on November 3, 2006, 20% on November 3, 2007, and the remaining 50% on November 3, 2008.
- [F2]The shares subject to this option grant vest as follows: 25% on November 3, 2004 and the remaining 75% upon the completion of each additional month of employment with Borland over the next 36 months of continued employment thereafter.