PHASE FORWARD INC 4
4 · PHASE FORWARD INC · Filed Jun 30, 2005
Insider Transaction Report
Form 4
Slater Eve Elizabeth
Director
Transactions
- Award
Stock Option (Right to Buy)
2005-06-30+50,000→ 50,000 totalExercise: $7.08Exp: 2015-06-30→ Common Stock (50,000 underlying)
Footnotes (1)
- [F1]This option is exercisable and vests in full on the fifth anniversary of the date of grant, provided that the optionee has served continuously as a director of Phase Forward Incorporated through the vesting date. However, if the optionee meets certain board meeting attendance criteria, this option may become exercisable and vest at the rate of one-sixteenth each quarter from the date of grant.