BAUM R J 4
4 · EBIX INC · Filed Jun 17, 2004
Insider Transaction Report
Form 4
EBIX INCEBIX
BAUM R J
Executive Vice President - CFO
Transactions
- Award
Stock options
2004-04-02+10,000→ 98,250 totalExercise: $15.76Exp: 2014-04-02→ Common Stock (10,000 underlying)
Footnotes (1)
- [F1]The 10,000 options become exercisable over the next four years, 2,500 exercisable on April 2, 2005, April 2, 2006, April 2, 2007 and April 2, 2008, unless accelerated vesting criteria is met. If Ebix, Inc. reports a profit of $1.0 million or greater for the year ended December 31, 2004, 50% of the remaining unvested options of this grant will vest on the date the profit is reported. If Ebix, Inc. reports a net profit of $2.0 million or greater for the year ended December 31, 2005, all remaining unvested options of this grant will vest on the date the profit is reported.