BARRETT ROBERT G 4
4 · PEERLESS SYSTEMS CORP · Filed Jun 30, 2005
Insider Transaction Report
Form 4
BARRETT ROBERT G
Director
Transactions
- Award
STOCK OPTION (RIGHT TO BUY)
2005-06-30+10,000→ 10,000 totalExercise: $3.82Exp: 2015-06-30→ COMMON STOCK (10,000 underlying)
Footnotes (1)
- [F1]TWENTY-FIVE PERCENT (25%) OF THE SHARES SUBJECT TO SUCH OPTION SHALL VEST AND BECOME EXERCISABLE ON JUNE 30, 2006 (THE COMPLETION OF ONE YEAR OF SERVICE MEASURED FROM THE GRANT DATE). THE BALANCE OF THE SHARES SUBJECT TO SUCH OPTION SHALL VEST AND BECOME EXERCISABLE IN A SERIES OF THIRTY-SIX (36) SUCCESSIVE EQUAL MONTHLY INSTALLMENTS UPON COMPLETION OF EACH ADDITIONAL MONTH OF SERVICE UNTIL ALL OF THE OPTIONS ARE VESTED.