Gerlitz Issachar S 4
4 · NESS TECHNOLOGIES INC · Filed Dec 10, 2010
Insider Transaction Report
Form 4
NESS TECHNOLOGIES INC(NSTC)
Gerlitz Issachar S
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Restricted Stock Unit
2010-12-08−23,750→ 23,750 total→ Common Stock, $.01 par value per share (23,750 underlying) - Exercise/Conversion
Common Stock, $.01 par value per share
2010-12-08+23,750→ 23,750 total
Footnotes (2)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of common stock of Ness Technologies, Inc.
- [F2]The Restricted Stock Units vests as follows: 50% vest on December 8, 2010; an additional 25% vest on December 8, 2011; and the remaining 25% vest on Deecember 8, 2012.