PHASE FORWARD INC 4
4 · PHASE FORWARD INC · Filed Aug 29, 2005
Insider Transaction Report
Form 4
Russell Channing Heard
Vice President
Transactions
- Award
Stock Option (Right to Buy)
2005-08-25$7.81/sh+50,000$390,500→ 50,000 totalExercise: $7.81From: 2006-08-25Exp: 2015-08-25→ Common Stock (50,000 underlying)
Footnotes (1)
- [F1]This option is exercisable and vests over four years at the rate of 25% on the date listed in the table, and the balance vesting in equal monthly installments over the remaining 36 months.