WILLE JOHN D 4
4 · ASCENDIA BRANDS, INC. · Filed Mar 7, 2007
Insider Transaction Report
Form 4
WILLE JOHN D
Chief Financial Officer
Transactions
- Award
Common Stock
2007-02-23+75,000→ 75,000 total - Award
Common Stock
2007-02-23+100,000→ 175,000 total - Award
Options to Purchase Shares of Common Stock
2007-02-23+662,500→ 837,500 totalExercise: $2.00Exp: 2017-02-23→ Common Stock (662,500 underlying)
Footnotes (2)
- [F1]Reflects an award of restricted stock vesting in 4 equal semi-annual installments, commencing 6 months after the date of the award, subject to certain additional terms and conditions regarding the Reporting Person's continued employment with the Issuer.
- [F2]One third of the options vest immediately; the remaining two thirds vest in four equal semi-annual installments commencing six months after the date of the award. Vesting is also subject to certain additional terms and conditions regarding the Reporting Person's continued employment with the Issuer. The options expire ten years following the date of the award.