Yu Li 4
4 · ACCURAY INC · Filed Jan 6, 2010
Insider Transaction Report
Form 4
ACCURAY INCARAY
Yu Li
Director
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2010-01-04+36,795→ 36,795 totalExercise: $5.68Exp: 2020-01-04→ Common Stock (36,795 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 4, 2010, the Black-Scholes valuation of one share of our common stock was $3.2613.
- [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.