PharmaNet Development Group Inc 4
4 · PharmaNet Development Group Inc · Filed Jul 5, 2007
Insider Transaction Report
Form 4
Elias Lewis R
Director
Transactions
- Sale
Common Stock, Par value $.001
2007-07-02$31.78/sh−300$9,534→ 11,086 total
Footnotes (2)
- [F1]the sale of shares pursuant to a 10b5-1 Plan. Such shares were acquired through 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 June 6, 2007, determined by using the closing price on June 6, 2007. The restricted stock units vest in equal increments on December 31, 2007 and as of the date of the Company's next Annual Meeting of Stockholders.
- [F2]Such amount represents: (i) 3,955 shares of restricted stock units, and (ii) 7,131 shares of common stock. Such amount does not include 15,000 shares exercisable upon exercise of options.