Adler John 4
4 · ACCURAY INC · Filed Jan 7, 2009
Insider Transaction Report
Form 4
ACCURAY INCARAY
Adler John
Director
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2009-01-05+33,629→ 33,629 totalExercise: $5.68Exp: 2019-01-05→ Common Stock (33,629 underlying)
Footnotes (2)
- [F1]This grant is based on annual option grant guidelines for each non-employee director receiving an annual option grant equal to the number of shares obtained by dividing $120,000 by the Black-Scholes valuation of one share of our common stock. As of January 5, 2009, the Black-Scholes valuation of one share of our common stock was $3.5683.
- [F2]These options are exercisable as they vest. Fifty percent (50%) of the shares subject to this stock option become vested and fully exercisable in equal monthly installments, ratably over a period of 12-months. The remaining fifty percent (50%) of the shares become vested and fully exercisable in equal monthly installments, ratably over the next period of 24-months.