Seeley Jeanne 4
4 · OCCAM NETWORKS INC/DE · Filed Aug 27, 2009
Insider Transaction Report
Form 4
Seeley Jeanne
Senior Vice President & CFO
Transactions
- Award
Restricted Stock Units
2009-08-25+8,000→ 8,000 total→ Common Stock (8,000 underlying)
Footnotes (2)
- [F1]Each performance-based restricted stock unit (RSU) represents a contingent right to receive one share of Occam Networks, Inc. Common Stock.
- [F2]The number of shares of Occam Networks, Inc. Common Stock acquired upon the vesting of the performance-based RSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee. The shares will vest upon the achievement of the performance metrics and the confirmation of such achievement by the Company's Audit Committee upon its approval of the Company's audited financial statements for fiscal year 2009, subject to continued employment through such vesting date.