Emerson E. James 4/A
4/A · ETRIALS WORLDWIDE INC. · Filed Jun 1, 2009
Insider Transaction Report
Form 4/AAmended
Emerson E. James
VP Tech. & Dev.
Transactions
- Award
Common Stock
2009-04-24$0.00/sh+46,875$5→ 73,875 total
Holdings
- 75,000
Employee Stock Option (Right to Buy)
Exercise: $0.67Exp: 2019-03-27→ Common Stock (75,000 underlying)
Footnotes (2)
- [F1]Represents a grant of restricted stock on April 24, 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]Represents a four-year option to purchase 75,000 shares of the Company's Common Stock granted on March 27, 2009, which vest in equal quarterly amounts and become exercisable on the 27th day of March, June, September and December, commencing June 27, 2009, until all the shares are fully vested.