Golieb Arnold 4
4 · PharmaNet Development Group Inc · Filed Aug 28, 2006
Insider Transaction Report
Form 4
Golieb Arnold
Director
Transactions
- Award
Common Stock, Par value $.001
2006-08-24$17.25/sh+7,246$124,994→ 15,546 total
Footnotes (2)
- [F1]Represents the automatic grant of $125,000 worth of restricted stock units, granted pursuant to the Company's 1999 Stock Plan, upon election to the Board of Directors at the Annual Meeting of Stockholders held on August 24, 2006, determined by using the closing price on August 24, 2006. These restricted stock units vest in equal increments on December 31, 2006 and as of the date of the Company's next Annual Meeting of Stockholders
- [F2]Such amount represents: (i) 7,246 shares of restricted stock units, (ii) 1,500 shares of restricted stock, and (iii) 6,800 shares of common stock. Such amount does not represent: (i) 15,000 shares exercisable upon exercise of options, and (ii) 1,500 shares of restricted stock.