WOOD GREGORY S 4
4 · LIBERATE TECHNOLOGIES · Filed Apr 28, 2004
Insider Transaction Report
Form 4
WOOD GREGORY S
Executive VP and CFO
Transactions
- Award
Stock Units
2004-04-26+150,000→ 150,000 total→ Common Stock (150,000 underlying)
Footnotes (3)
- [F1]Each unit is convertible into one share of common stock.
- [F2]The stock units were granted under the Liberate 1999 Equity Incentive Plan. The award will vest as to 7.5% of the units on July 15, 2004, and will vest as to 12.5% of the units on January 15th and July 15th of each year until January 15, 2008. The remainder of the units will vest on July 15, 2008. The vesting of the award will accelerate under certain circumstances.
- [F3]The award will expire upon termination of employment or on the final vesting date.