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4//SEC Filing

DILWORTH ROBERT 4

Accession 0001140361-11-049557

CIK 0001021435other

Filed

Oct 13, 8:00 PM ET

Accepted

Oct 14, 7:09 PM ET

Size

14.1 KB

Accession

0001140361-11-049557

Insider Transaction Report

Form 4
Period: 2011-10-12
DILWORTH ROBERT
DirectorCEO and Chariman
Transactions
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2011-10-12300,0000 total
    Exercise: $0.34From: 2004-11-15Exp: 2014-11-14Common Stock (300,000 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2011-10-12100,0000 total
    Exercise: $0.25From: 2002-03-05Exp: 2012-03-04Common Stock (100,000 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2011-10-12200,0000 total
    Exercise: $0.43From: 2005-01-27Exp: 2016-01-26Common Stock (200,000 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2011-10-12125,0000 total
    Exercise: $0.38From: 2008-01-02Exp: 2018-01-01Common Stock (125,000 underlying)
  • Award

    Employee Stock Option (right to buy)

    2011-10-12+725,000725,000 total
    Exercise: $0.20Exp: 2021-10-11Common 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.

Documents

1 file

Issuer

GRAPHON CORP/DE

CIK 0001021435

Entity typeother

Related Parties

1
  • filerCIK 0001176363

Filing Metadata

Form type
4
Filed
Oct 13, 8:00 PM ET
Accepted
Oct 14, 7:09 PM ET
Size
14.1 KB