Heap Steven 4
4 · ARBINET THEXCHANGE INC · Filed Feb 20, 2009
Insider Transaction Report
Form 4
Heap Steven
Chief Technology Officer
Transactions
- Award
Common Stock
2009-02-18+3,523→ 67,072 total - Award
Stock Appreciation Right
2009-02-18+35,000→ 35,000 totalExercise: $1.63From: 2009-03-18Exp: 2019-02-18→ Common Stock (35,000 underlying)
Footnotes (2)
- [F1]Includes (a) 2,349 shares of restricted stock which vest in equal parts on each of February 18, 2010 and February 18, 2011; (b) 15,333 restricted stock units which vest in equal parts on each of September 27, 2009 and September 27, 2010; (c) 1,449 restricted stock units which vest on March 2, 2009; and (d) 47,941 shares of common stock held by Mr. Heap.
- [F2]The stock appreciation right vests monthly, in equal installments, over the four years following the date of grant.