DILWORTH ROBERT 4
4 · GRAPHON CORP/DE · Filed Oct 14, 2011
Insider Transaction Report
Form 4
GRAPHON CORP/DEGOJO
DILWORTH ROBERT
DirectorCEO and Chariman
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2011-10-12−300,000→ 0 totalExercise: $0.34From: 2004-11-15Exp: 2014-11-14→ Common Stock (300,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2011-10-12−100,000→ 0 totalExercise: $0.25From: 2002-03-05Exp: 2012-03-04→ Common Stock (100,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2011-10-12−200,000→ 0 totalExercise: $0.43From: 2005-01-27Exp: 2016-01-26→ Common Stock (200,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2011-10-12−125,000→ 0 totalExercise: $0.38From: 2008-01-02Exp: 2018-01-01→ Common Stock (125,000 underlying) - Award
Employee Stock Option (right to buy)
2011-10-12+725,000→ 725,000 totalExercise: $0.20Exp: 2021-10-11→ Common Stock (725,000 underlying)
Footnotes (2)
- [F1]The option is immediately exercisable, subject to the repurchase of the option shares by the issuer at the exercise price, upon the Reporting Person's termination of services prior to full vesting. The repurchase right lapses and the option vests in 24 equal monthly installments beginning on November 12, 2011.
- [F2]The Reporting Person agreed to cancellation of options to purchase 100,000, 300,000, 200,000 and 125,000 shares of common stock granted to him on March 5, 2002, November 15, 2004, January 27, 2005 and January 2, 2008, respectively, in exchange for a new option having a lower exercise price.