Franco Nello 4
4 · LYRIS, INC. · Filed May 2, 2011
Insider Transaction Report
Form 4
LYRIS, INC.LYRI.OB
Franco Nello
SVP of Customer Success
Transactions
- Award
Employee Stock Option (right to buy)
2011-04-14+500,000→ 500,000 totalExercise: $0.33Exp: 2021-02-07→ Common Stock (500,000 underlying)
Holdings
- 25,000
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 2/7//2012, 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/.