IBASIS INC 4
4 · IBASIS INC · Filed Jun 14, 2007
Insider Transaction Report
Form 4
IBASIS INCIBAS
Brumley Robert H
Director
Transactions
- Disposition to Issuer
Common Stock Option
2007-06-12−20,000→ 0 totalExercise: $6.72Exp: 2016-04-03→ Common Stock (20,000 underlying)
Footnotes (2)
- [F1]The Reporting Person has voluntarily amended a common stock option agreement reflecting an April 3, 2006 grant for 20,000 shares at an exercise price of $6.72. The amendment provides that effective as of December 29, 2006, the exercise price has been increased from $6.72 to $7.14. For Section 16(a) purposes, the Reporting Person is reporting this amendment as a cancellation of the original option and the grant of a replacement option. The Reporting Person received no consideration in connection with this amendment.
- [F2]Option was granted on April 3, 2006 and vests in a series of four (4) installments of 25%, with the first installment exercisable immediately and with each additional installment to become exercisable at each of the next three Annual Meeting of Shareholders (years 2006, 2007, and 2008, respectively), provided, that the Reporting Person continues to be a director of iBasis on each applicable date.