Erdman Scott 4
4 · BLUEFLY INC · Filed Jul 3, 2012
Insider Transaction Report
Form 4
BLUEFLY INCBFLY
Erdman Scott
SVP of Merchandising
Transactions
- Award
Stock option (right to buy)
2012-06-29+300,000→ 300,000 totalExercise: $1.25Exp: 2012-06-29→ Common Stock (300,000 underlying)
Footnotes (2)
- [F1]The Stock Options vest with respect to 37,500 shares on the six month anniversary of the date of grant, and vest with respect to the remainder of the shares in 42 equal monthly installments, with the first such installment vesting on the seven month anniversary of the date of grant. Notwithstanding the foregoing, in the event a Change of Control (as defined in Mr. Erdman's Employment Agreement) occurs during the term of Mr. Erdman's employment and Mr. Erdman's employment is terminated without Cause (as defined in Mr. Erdman's Employment Agreement) following such Change of Control, twenty-five percent of any unvested stock options that have not yet vested as of the date of such termination shall be deemed fully vested as of such date.
- [F2]Not applicable.