Sakakihara Philip 4
4 · LYRIS, INC. · Filed Feb 18, 2011
Insider Transaction Report
Form 4
LYRIS, INC.LYRI.OB
Sakakihara Philip
Chief Technology Officer
Transactions
- Award
Employee Stock Option(right to buy)
2011-02-16+1,250,000→ 1,250,000 totalExercise: $0.33Exp: 2021-01-24→ Common stock (1,250,000 underlying)
Holdings
- 100,000
Common Stock
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 1/24/2011, which is the first anniversary of the Hire 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 Hire Date thereafter.