ELLOY BRIAN 4
4 · BORLAND SOFTWARE CORP · Filed Apr 23, 2004
Insider Transaction Report
Form 4
ELLOY BRIAN
Sr. VP of Software Products
Transactions
- Award
Stock Option (Right to Buy)
2004-04-21$9.37/sh+110,000$1,030,700→ 110,000 totalExercise: $9.37From: 2005-04-21Exp: 2014-04-21→ Common Stock (110,000 underlying)
Holdings
- 26,250
Common Stock
Footnotes (2)
- [F1]Includes 1,250 shares acquired pursuant to the Borland Software Corporation 1999 Employee Stock Purchase Plan on November 28, 2003.
- [F2]The shares subject to the option vest as follows: 25% on April 21, 2005 and the remaining 75% in equal installments upon the completion of each additional month of continued employment with Borland over the 36 months thereafter, with such vesting to accelerate 100% should Mr. Elloy's employment terminate, under the circumstances specified in his employment agreement, within 12 months after a Change in Control of Borland (as such term is defined in the stock plan pursuant to which such option was granted).