FOUNDRY NETWORKS INC 4
4 · FOUNDRY NETWORKS INC · Filed Jun 15, 2007
Insider Transaction Report
Form 4
TWOMBLY PAUL T JR
VP Customer Service
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2006-12-28+3,125→ 3,125 totalExercise: $6.75From: 2002-06-06Exp: 2012-05-06→ Common Stock (3,125 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2006-12-28−2,778→ 0 totalExercise: $6.14From: 2002-08-05Exp: 2012-02-05→ Common Stock (2,778 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2006-12-28−3,125→ 0 totalExercise: $4.94From: 2002-06-06Exp: 2012-05-06→ Common Stock (3,125 underlying) - Award
Non-Qualified Stock Option (right to buy)
2006-12-28+2,778→ 2,778 totalExercise: $7.28From: 2002-08-05Exp: 2012-02-05→ Common Stock (2,778 underlying)
Footnotes (2)
- [F1]Amendment of outstanding options resulting in deemed cancellation of option and grant replacement option with a higher exercise price. The option was originally granted on February 5, 2002, and provides monthly vesting over 4 years with a 6 month cliff of 12.5%. On December 28, 2006 the per share option exercise price was amended to equal the fair market value on the original grant date of the option. On June 5, 2007 the company concluded the pre-clearance of revised stock option measurement dates with the Office of the Chief Accountant of the SEC and determined that the fair market value on the original grate date was $7.28.
- [F2]Amendment of outstanding options resulting in deemed cancellation of option and grant replacement option with a higher exercise price. The option was originally granted on May 6, 2006, and provides vesting in 48 monthly installments. On December 28, 2006 the per share option exercise price was amended to equal the fair market value on the original grant date of the option. On June 5, 2007 the company concluded the pre-clearance of revised stock option measurement dates with the Office of the Chief Accountant of the SEC and determined that the fair market value on the original grate date was $6.75.