BAUM R J 4
4 · EBIX COM INC · Filed Oct 3, 2003
Insider Transaction Report
Form 4
EBIX COM INCEBIX
BAUM R J
Executive Vice President - CFO
Transactions
- Award
Stock options
2003-09-16+12,000→ 88,250 totalExercise: $5.35Exp: 2013-09-16→ Common Stock (12,000 underlying)
Footnotes (1)
- [F1]The 12,000 options become exercisable over the next four years, 3,000 exercisable on September 16, 2004, September 16, 2005, September 16, 2006, and September 16, 2007, unless accelerated vesting criteria is met. If ebix.com, Inc. reports a profit of $1.0 million or greater for the year ended December 31, 2003, 50% of the remaining unvested options of this grant will vest on the date the profit is reported. If ebix.com, Inc. reports a net proft greater than $2.0 million or greater for the year ended December 31, 2004, all remaining unvested options of this grant will vest on the date the profit is reported.