INTELLIGROUP INC 4
4 · INTELLIGROUP INC · Filed Nov 14, 2003
Insider Transaction Report
Form 4
INTELLIGROUP INCITIG
MISVAER CHRISTIAN J
General Counsel and Secretary
Transactions
- Award
Common Stock Option
2003-11-13+45,000→ 45,000 totalExercise: $5.96From: 2004-11-13Exp: 2013-11-13→ Common Stock (45,000 underlying)
Footnotes (3)
- [F1]Represents options granted by the Issuer pursuant to its 1996 Stock Plan.
- [F2]Such option becomes exercisable as follows: 33% on the first anniversary of the date of grant and the balance in 24 equal monthly installments following the date of grant. Notwithstanding the foregoing, 50% of such option shall become exercisable on the day upon which the Company's Common Stock has a closing bid price of $10.00 or more per share.
- [F3]Including prior option grants, the reporting person currently has options to purchase an aggregate of 80,000 shares of the Company's Common Stock at different exercise prices or expiration dates.