Seeley Jeanne 4
4 · OCCAM NETWORKS INC/DE · Filed Feb 17, 2010
Insider Transaction Report
Form 4
Seeley Jeanne
Senior Vice President & CFO
Transactions
- Exercise/Conversion
Restricted Stock Units
2010-02-15−8,000→ 0 total→ Common Stock (8,000 underlying) - Tax Payment
Common Stock
2010-02-15$5.59/sh−3,519$19,671→ 18,784 total - Exercise/Conversion
Common Stock
2010-02-15+4,481→ 18,784 total - Award
Employee Stock Option (Right To Buy)
2010-02-15+40,000→ 0 totalFrom: 2010-02-15Exp: 2010-09-15→ Common Stock (40,000 underlying)
Footnotes (4)
- [F1]Represents the shares issued for restricted stock units which vested on Monday, February 15, 2010, 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.
- [F2]Represents the shares to satisfy tax withholding upon the vesting of restricted stock units.
- [F3]Each restricted stock unit represented a contingent right to receive one share of Occam Networks, Inc. Common Stock. The Compensation Committee determined that the restricted stock units vested on February 15, 2010, upon the achievement of the performance metrics upon confirmation of such achievement by the Company's Audit Committee upon its approval of the Company's audited financial statements for fiscal year 2009.
- [F4]On September 15, 2009, the reporting person was granted an option to purchase 40,000 shares of common stock. The grant price on September 15, 2009 was $3.76. The option vests as approved by the Company's Compensation Committee 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. On February 15, 2010, the Company's Compensation Committee determined that the performance metrics were met, resulting in the vesting of the option as to 40,000 shares.