JUDSON C James 4
4 · GigOptix, Inc. · Filed Mar 19, 2010
Insider Transaction Report
Form 4
GigOptix, Inc.GGOX
JUDSON C James
Director
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2010-03-17+25,000→ 25,000 totalExercise: $1.95Exp: 2020-03-16→ Common Stock (25,000 underlying)
Footnotes (1)
- [F1](i) 12,500 options will vest as follows: 3,125 options will vest on March 17, 2011 and 1/36 of the remaining options will vest each month thereafter; (ii) An additional 5,000 options will vest on April 1, 2011 if the average closing price of the Company's common stock during March 2011 is equal to or greater than $2.50; if not, then these options will be cancelled; (iii) An additional 5,000 options will vest on April 1, 2012 if the average closing price of the Company's common stock during March 2012 is equal to or greater than $3.50; if not, then these options will be cancelled; and (iv) An additional 2,500 options will vest on April 1, 2013 if the average closing price of the Company's common stock during March 2013 is equal to or greater than $5.00; if not, then these options will be cancelled.