NESS TECHNOLOGIES INC 4
4 · NESS TECHNOLOGIES INC · Filed Nov 13, 2006
Insider Transaction Report
Form 4
Onn Shai
EVP, B. Development & Strategy
Transactions
- Sale
Common Stock, $.01 par value per share
2006-11-08$14.75/sh−65$959→ 0 total(indirect: By Destiny Ventures Ltd.) - Conversion
Option (right to buy)
2006-11-06$8.47/sh−21,579$182,774→ 0 total(indirect: By Destiny Ventures Ltd.)Exercise: $8.47From: 2004-01-01Exp: 2008-12-31→ Common Stock, $.01 par value per share (21,579 underlying) - Tax Payment
Common Stock, $.01 par value per share
2006-11-06$14.80/sh−12,349$182,765→ 9,230 total(indirect: By Destiny Ventures Ltd.) - Conversion
Common Stock, $.01 par value per share
2006-11-06$8.47/sh+21,579$182,774→ 21,579 total(indirect: By Destiny Ventures Ltd.) - Tax Payment
Common Stock, $.01 par value per share
2006-11-07$14.49/sh−21,423$310,419→ 16,340 total(indirect: By Destiny Ventures Ltd.) - Tax Payment
Common Stock, $.01 par value per share
2006-11-08$14.75/sh−269$3,968→ 65 total(indirect: By Destiny Ventures Ltd.) - Conversion
Option (right to buy)
2006-11-07$8.47/sh−37,763$319,853→ 12,588 total(indirect: By Destiny Ventures Ltd.)Exercise: $8.47From: 2004-06-30Exp: 2008-12-31→ Common Stock, $.01 par value per share (37,763 underlying) - Conversion
Common Stock, $.01 par value per share
2006-11-07$8.47/sh+37,763$319,853→ 37,763 total(indirect: By Destiny Ventures Ltd.) - Conversion
Option (right to buy)
2006-11-08$11.82/sh−334$3,948→ 24,842 total(indirect: By Destiny Ventures Ltd.)Exercise: $11.82Exp: 2010-12-31→ Common Stock, $.01 par value per share (334 underlying) - Conversion
Common Stock, $.01 par value per share
2006-11-08$11.82/sh+334$3,948→ 334 total(indirect: By Destiny Ventures Ltd.) - Sale
Common Stock, $.01 par value per share
2006-11-06$14.80/sh−9,230$136,604→ 0 total(indirect: By Destiny Ventures Ltd.) - Sale
Common Stock, $.01 par value per share
2006-11-07$14.49/sh−16,340$236,767→ 0 total(indirect: By Destiny Ventures Ltd.)
Footnotes (2)
- [F1]These options vest and become exercisable with respect to 50% of the underlying shares on July 1, 2005, with respect to 25% of the underlying shares on July 1, 2006 and with respect to the remaining 25% of the underlying shares on July 1, 2007.
- [F2]These options vest and become exercisable in three equal installments on each of January 1, 2005, January 1, 2006 and January 1, 2007.