Buchler D Ari 4
4 · Phase Forward Inc · Filed Jun 2, 2009
Insider Transaction Report
Form 4
Buchler D Ari
SVP and General Counsel
Transactions
- Sale
Common Stock
2009-05-29$13.85/sh−3,000$41,550→ 100,815 total - Exercise/Conversion
Common Stock
2009-05-29$6.00/sh+3,000$18,000→ 103,815 total - Exercise/Conversion
Common Stock
2009-06-01$6.00/sh+3,250$19,500→ 104,065 total - Exercise/Conversion
Stock Option (Right to Buy)
2009-05-29−3,000→ 3,250 totalExercise: $6.00Exp: 2014-03-02→ Common Stock (3,000 underlying) - Sale
Common Stock
2009-06-01$14.50/sh−3,250$47,125→ 100,815 total - Exercise/Conversion
Stock Option (Right to Buy)
2009-06-01−3,250→ 0 totalExercise: $6.00Exp: 2014-03-02→ Common Stock (3,250 underlying)
Footnotes (2)
- [F1]This number reflects the number of securities beneficially owned after taking into account all of the reported transactions.
- [F2]The vesting provisions of this option previously provided for vesting upon the earlier of seven years or the attainment of specified milestones, including an initial public offering. Those vesting provisions were amended after the attainment of two milestones that resulted in an acceleration of 50% of this option. As a result of this amendment, 25% of this option vested on March 2, 2007 and 25% of this option vested on March 2, 2008, such that this option became fully vested on March 2, 2008.