4//SEC Filing
IBASIS INC 4
Accession 0001104659-07-047739
CIK 0001091756operating
Filed
Jun 13, 8:00 PM ET
Accepted
Jun 14, 4:05 PM ET
Size
14.0 KB
Accession
0001104659-07-047739
Insider Transaction Report
Form 4
IBASIS INCIBAS
CORFIELD CHARLES N
Director
Transactions
- Disposition to Issuer
Common Stock Option
2007-06-12−20,000→ 6,667 totalExercise: $2.64Exp: 2013-08-11→ Common Stock (20,000 underlying) - Award
Common Stock Option
2007-06-12+20,000→ 20,000 totalExercise: $3.18Exp: 2013-08-11→ Common Stock (20,000 underlying)
Footnotes (5)
- [F1]The Reporting Person has voluntarily amended a common stock option agreement reflecting an August 11, 2003 grant for 26,667 shares at an exercise price of $2.64. The amendment provides that effective as of December 29, 2006, the exercise price for the portion of the option that vests on or after January 1, 2005 - 20,000 shares - has been increased from $2.64 to $3.18. For Section 16(a) purposes, the Reporting Person is reporting this amendment as a cancellation of the affected portion of the original option and the grant of a replacement option. The Reporting Person received no consideration in connection with this amendment.
- [F2]The 6,667 shares vesting prior to January 1, 2005 vested at the 2004 Annual Meeting of Shareholders.
- [F3]One-third vested at the 2005 Annual Meeting of Shareholders, one-third vested at the 2006 Annual Meeting of Shareholders and the remaining one-third will vest at the 2007 Annual Meeting of Shareholders, provided that the Reporting Person remains a director of iBasis through such date.
- [F4]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.
- [F5]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.
Documents
Issuer
IBASIS INC
CIK 0001091756
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001091756
Filing Metadata
- Form type
- 4
- Filed
- Jun 13, 8:00 PM ET
- Accepted
- Jun 14, 4:05 PM ET
- Size
- 14.0 KB