LAMONTAGNE PETER B 4
4 · Paradigm Holdings, Inc · Filed Oct 24, 2008
Insider Transaction Report
Form 4
LAMONTAGNE PETER B
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2008-10-21−500,000→ 0 totalExercise: $2.50Exp: 2016-05-15→ Common Stock (500,000 underlying) - Award
Stock Option (right to buy)
2008-10-21+500,000→ 500,000 totalExercise: $0.30Exp: 2016-05-15→ Common Stock (500,000 underlying) - Award
Common Stock
2008-10-21+650,000→ 1,250,000 total
Footnotes (2)
- [F1]Represents shares of restricted common stock that will vest on January 2, 2013.
- [F2]The two reported transactions involved an amendment of the exercise price of an outstanding option from $2.50 per share to $0.30 per share, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The "old" option was originally granted on May 15, 2006 and was to vest in equal installments on May 15, 2007, May 15, 2008 and May 15, 2009. The replacement option is vested with respect to two-thirds of the shares subject to the option and will vest with respect to the final one-third on May 15, 2009.