Rachlin Seth 4
4 · COVER ALL TECHNOLOGIES INC · Filed Apr 15, 2010
Insider Transaction Report
Form 4
COVER ALL TECHNOLOGIES INCCOVR.OB
Rachlin Seth
Executive Vice President
Transactions
- Award
Employee Stock Option (Right to Buy)
2010-04-12+75,000→ 75,000 totalExercise: $1.25From: 2011-04-12Exp: 2015-04-11→ Common Stock, $.01 par value (75,000 underlying)
Footnotes (2)
- [F1]The exercise price per share is equal to the fair market value (as defined in the Amended and Restated 2005 Stock Incentive Plan of Cover-All Technologies Inc. (the "Company")) of a share of the Company's common stock as of April 12, 2010, the date of grant.
- [F2]The option vests as to 25,000 shares on each of the first and second anniversaries, respectively, of the date of grant and as to 25,000 shares on the last day of the Employment Term (as such term is defined in the Employment Agreement between Mr. Rachlin and the Company), so long as Mr. Rachlin is in the continuous employ of the Company from the date of grant through the applicable date upon which vesting is scheduled to occur.