TOS WILLIAM 4
4 · Diamond Foods Inc · Filed Nov 16, 2012
Insider Transaction Report
Form 4
TOS WILLIAM
Director
Transactions
- Award
Director Stock Option (right to buy)
2012-11-14+10,000→ 10,000 totalExercise: $19.50Exp: 2022-11-13→ Common Stock (10,000 underlying) - Award
Common Stock
2012-11-14+6,153→ 10,141 total
Holdings
- 143,529(indirect: By Tos Farms, Inc.)
Common Stock
Footnotes (3)
- [F1]Shares will vest, and the Issuer's right to repurchase the shares will lapse, over the 36-month period beginning on November 14, 2012, with one-third of the shares vesting every 12 months from that date, provided the director remains in continuous service as a director or consultant through each such date. The restricted stock grant reported on this Form 4 is being made pursuant to the Issuer's 2005 Equity Incentive Plan, which provides that each non-employee director automatically receives $120,000 worth of restricted stock upon his initial appointment or election to the board.
- [F2]Mr. Tos is co-owner of Tos Farms, Inc.
- [F3]The stock option vests and becomes exercisable on November 14, 2013, provided the director remains in continuous service as a director or consultant through such date. The option grant reported on this Form 4 is being made pursuant to the Issuer's 2005 Equity Incentive Plan, which provides that each non-employee director automatically receives an option to purchase 10,000 shares of common stock upon his initial appointment or election to the board.