MCGURK MICHAEL E 4
4 · ARI NETWORK SERVICES INC /WI · Filed May 25, 2004
Insider Transaction Report
Form 4
MCGURK MICHAEL E
VP Technology Operations
Transactions
- Award
Stock Option
2004-05-21+23,750→ 23,750 totalExercise: $1.56Exp: 2014-05-21→ Common Stock (23,750 underlying)
Footnotes (2)
- [F1]50% of the options were exercisable on date of grant; 25% become exercisable on 7/31/05 and 25% become exercisable on 7/31/06.
- [F2]On November 19, 2003, the issuer canceled options granted to the reporting person pursuant to the issuer's Offer to Exchange Outstanding Option Grants for New Option Grants to be issued no sooner than May 20, 2004. In exchange the reporting person received the option reported herein.