Connaghan Michael Denis 4/A
4/A · ETRIALS WORLDWIDE INC. · Filed Jun 1, 2009
Insider Transaction Report
Form 4/AAmended
Connaghan Michael Denis
DirectorPresident and CEO
Transactions
- Award
Common Stock
2009-03-09$0.00/sh+126,812$13→ 237,432 total
Holdings
- 350,000
Employee Stock Options (right to buy)
Exercise: $1.10Exp: 2018-11-12→ Common Stock (350,000 underlying)
Footnotes (2)
- [F1]Represents a grant of restricted stock on March 9, 2009, pursuant to the Performance Bonus Agreement between the Company and the reporting person, which is governed by the Company's 2005 Performance Equity Plan. These shares are subject to forfeiture until the Compensation Committee determines whether performance criteria have been met after reviewing the Company's audited year-end financial statements.
- [F2]On November 10, 2008, the Company's Board of Directors granted incentive stock options to Mr. Connaghan to purchase 350,000 shares of our Common Stock. Subject to accelerated vesting as described in the Incentive Stock Option Agreement, the options vest in sixteen equal quarterly installments of 21,875 shares on the 12th day of February, May, August and November of each year beginning February 12, 2009 and ending November 12, 2012.