Mickens Michael 4
4 · ETRIALS WORLDWIDE INC. · Filed May 15, 2009
Insider Transaction Report
Form 4
Mickens Michael
VP Sales & Client Services
Transactions
- Award
Common Stock
2009-03-09$0.00/sh+26,087$3→ 37,160 total
Holdings
- 50,000
Employee Stock Options (right to buy)
Exercise: $2.47Exp: 2018-02-20→ Common Stock (50,000 underlying) - 50,000
Employee Stock Options (right to buy)
Exercise: $1.54Exp: 2018-08-15→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]On March 9, 2009, the Company's Board of Directors approved a grant of 26,087 restricted shares of our Common Stock for a purchase price of $0.0001 per share subject to the terms of the Company's 2005 Performance Equity Plan. Until such shares are vested, the Company has the right to repurchase the restricted shares at the purchase price for which the shares were issued. Subject to accelerated vesting as described in the Restricted Stock Agreement, these restricted shares vest in equal quarterly installments on the 9th day of March, June, September and December, commencing March 9, 2009, until all the shares are fully vested.
- [F2]Represents a five-year Options to Purchase 50,000 shares granted on February 20, 2008, of which 12,500 shares vest annually and become exercisable commencing on the 20th day of February 2009, 2010, 2011 and 2012.
- [F3]Represents Options to Purchase 50,000 shares approved by the Board of Directors on July 30, 2008, but with an option price effective August 15, 2008, of which 3,125 shares vest quarterly in sixteen equal installments over four years on the 15th day of November, February, May and August, commencing on November 15, 2008.