BUCHANAN JAMES H 4
4 · CONVERA CORP · Filed Apr 29, 2004
Insider Transaction Report
Form 4
CONVERA CORPCNVR
BUCHANAN JAMES H
VP, CFO, Treas., & Asst. Secy
Transactions
- Award
Deferred Stock Grant
2003-05-20+400,000→ 400,000 totalExp: 2008-05-19→ Common Stock (400,000 underlying)
Footnotes (3)
- [F1]The Deferred Stock vests on the earliest of the following: (i) 5 years from the Transaction Date, provided that the Reporting Person remains continously employed with the Issuer through such date; (ii) the Reporting Person's death while employed by the Issuer; (see footnote 2)
- [F2](Footnote 1 continued) (iii) the Reporting Person's disabiltiy while employed by the Issuer; or (iv) the occurrence of a change in control of the Issuer while the Reporting Person is employed by the Issuer followed within 12 months by the Reporting Person's termination of employment without cause.
- [F3]The Reporting Person is reporting the transaction disclosed herein late. Pursuant to a January 2004 agreement by and between the Reporting Person and the Issuer, the Reporting Person (i) resigned from his position as Chief Operating Officer of the Issuer, effective January 31, 2004, and (ii) forfeited the Deferred Stock reported herein as being beneficially owned by the Reporting Person.