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TILLMAN FREDERIC G 4

Accession 0000892712-03-000701

CIK 0000879796other

Filed

Nov 20, 7:00 PM ET

Accepted

Nov 21, 5:22 PM ET

Size

13.6 KB

Accession

0000892712-03-000701

Insider Transaction Report

Form 4
Period: 2003-11-19
TILLMAN FREDERIC G
VP of Technology Development
Transactions
  • Disposition to Issuer

    Stock Option

    2003-11-1930,0000 total
    Exercise: $9.06Exp: 2010-01-12Common Stock (30,000 underlying)
Footnotes (2)
  • [F1]The option provided for vesting in four equal annual installments beginning on July 31, 2000.
  • [F2]On November 19, 2003, the issuer canceled the option pursuant to the issuer's Offer to Exchange Outstanding Option Grants for New Option Grants to be issued no sooner than May 20, 2004. The reporting person will receive a new option covering 2/3 of the number of shares covered by the cancelled option. The per share exercise price of the new option grants will be the fair market value of ARI's common stock on the new option grant date based on the average of the closing bid and asked prices of the common stock on the new option grant date.

Issuer

ARI NETWORK SERVICES INC /WI

CIK 0000879796

Entity typeother

Related Parties

1
  • filerCIK 0001240269

Filing Metadata

Form type
4
Filed
Nov 20, 7:00 PM ET
Accepted
Nov 21, 5:22 PM ET
Size
13.6 KB