Lovelady Jim D 4
4 · LYRIS, INC. · Filed Nov 29, 2010
Insider Transaction Report
Form 4
LYRIS, INC.LYRI.OB
Lovelady Jim D
Senior VP of Sales
Transactions
- Award
Employee Stock Option (right to buy)
2010-11-24+200,000→ 500,000 totalExercise: $0.33Exp: 2020-11-24→ Common Stock (200,000 underlying)
Footnotes (1)
- [F1]Option vests and becomes exercisable in cumulative installments as follows: (i) the Option shall become exercisable with respect to twenty five percent (25%) of the Option shares on 11/24/2011, which is the first anniversary of the Grant Date; and (ii) the option shall be exercisable with respect to the remaining seventy five percent (75%) in equal installments of 1/12 of the total number of shares subject to the option on each three month anniversary of the Grant Date thereafter/.