Diligent Board Member Services, Inc. 4
4 · Diligent Board Member Services, Inc. · Filed Dec 24, 2013
Insider Transaction Report
Form 4
Sodi Alessandro
DirectorCEO-President
Transactions
- Award
Stock Option (right to buy)
2013-12-23+500,000→ 500,000 totalExercise: $0.82Exp: 2021-06-27→ Common Stock (500,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2013-12-23−1,600,000→ 0 totalExercise: $0.14Exp: 2019-08-19→ Common Stock (1,600,000 underlying) - Award
Stock Option (right to buy)
2013-12-23+1,600,000→ 1,600,000 totalExercise: $2.79Exp: 2023-12-22→ Common Stock (1,600,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2013-12-23−3,000,000→ 0 totalExercise: $0.82Exp: 2021-06-27→ Common Stock (3,000,000 underlying)
Footnotes (2)
- [F1]The two reported transactions involved the partial cancellation of an outstanding option covering 2,400,000 shares (the "2009 Option") and the issuance of a replacement option (the "2013 Option"). The 2009 Option was originally granted on August 20, 2009 and provides for vesting in three equal annual installments beginning on August 20, 2010. The 2013 Option provides that, provided that the reporting person is in the employ of the issuer on December 31, 2013, the 2013 Option may be exercised, in whole or in part, with respect to up to 1,600,000 shares on or following December 31, 2013.
- [F2]The two reported transactions involved the partial cancellation of an outstanding option covering 3,000,000 shares (the "2011 Option") and (i) the issuance of a performance fixed cash award (of up to $4,240,000) and two performance share unit awards (the value of which is not tied to the market price of issuer securities) covering up to 2,500,000 shares, and (ii) the modification of a portion of the 2011 Option covering 500,000 shares (the "Modified Option"). The 2011 Option was originally granted on June 27, 2011 and provides for vesting in six equal annual installments beginning on June 28, 2013. The Modified Option provides that 378,049 shares would vest on June 28, 2013 and 121,951 shares would vest on January 1, 2014.