Borman Michael J 4
4 · BLUE COAT SYSTEMS INC · Filed Sep 17, 2010
Insider Transaction Report
Form 4
Borman Michael J
President and CEO
Transactions
- Award
Restricted Stock Unit
2010-09-15+75,000→ 75,000 totalExercise: $0.00→ Common Stock (75,000 underlying) - Award
Non-Qualified Stock Option (right to buy)
2010-09-16+225,000→ 225,000 totalExercise: $23.65From: 2011-09-01Exp: 2020-09-16→ Common Stock (225,000 underlying)
Footnotes (3)
- [F1]The option shall be fully vested in 4 years, with 25% vesting on 09/01/2011 and the balance thereafter to vest in equal monthly installments over the remaining 36 months.
- [F2]Each restricted stock unit represents the contingent right to receive one share of common stock.
- [F3]This award of restricted stock units vests 25% on September 15, 2011, 25% on September 15, 2012, 25% on September 15, 2013 and 25% on September 15, 2014.