CRANN PAUL JR 4
4 · BigBand Networks, Inc. · Filed Sep 14, 2011
Insider Transaction Report
Form 4
CRANN PAUL JR
VP, Product Line Management
Transactions
- Exercise/Conversion
Common Stock
2011-09-10+8,333→ 59,353 total - Exercise/Conversion
Restricted Stock Units
2011-09-10−8,333→ 41,667 total→ Common Stock (8,333 underlying) - Tax Payment
Common Stock
2011-09-13$1.34/sh−2,680$3,593→ 56,673 total
Footnotes (3)
- [F1]This sale to cover taxes is associated with performance stock units that vested on September 10, 2011 as reported in this filing.
- [F2]Each performance stock unit represents a contingent right to receive one share of BBND common stock.
- [F3]The restricted stock units vest in six (6) equal semi-annual installments beginning on September 10, 2010. Vested shares will be delivered to the reporting person on or about each such vesting date.