GORMAN JOHN K 4
4 · CATALYST INTERNATIONAL INC · Filed Sep 14, 2004
Insider Transaction Report
Form 4
GORMAN JOHN K
Executive VP - Operations
Transactions
- Disposition to Issuer
Stock Option
2004-09-08$1.10/sh−60,000$66,000→ 0 totalExercise: $1.40Exp: 2013-12-04→ Common Stock (60,000 underlying) - Disposition to Issuer
Stock Option
2004-09-08$1.00/sh−40,000$40,000→ 0 totalExercise: $1.50Exp: 2014-05-18→ Common Stock (40,000 underlying) - Disposition to Issuer
Stock Option
2004-09-08$0.11/sh−100,000$11,000→ 0 totalExercise: $2.60Exp: 2011-09-04→ Common Stock (100,000 underlying) - Disposition to Issuer
Stock Option
2004-09-08$0.11/sh−50,000$5,500→ 0 totalExercise: $2.57Exp: 2005-12-13→ Common Stock (50,000 underlying)
Footnotes (4)
- [F1]Disposition pursuant to Merger Agreement between the issuer and ComVest Investment Partners, II LLC (the "Merger") which was completed on September 8, 2004.
- [F2]Exercisable 20% the year after grant, the rest in equal monthly installments through 09/04/06, subject to acceleration in the event of a change in control.
- [F3]Exercisable 50% two years after grant, 25% in each of the following two years, subject to acceleration in the event of a change in control.
- [F4]Exercisable 40% two years after grant, 20% in each of the following three years, subject to acceleration in the event of a change in control.