ZAMBA CORP|4Jan 21, 12:50 PM ET

EDELHERTZ PAUL 4

4 · ZAMBA CORP · Filed Jan 21, 2004

Form 4

Period: 2004-01-20

Director

Transactions

Award
Option to purchase common stock
2004-01-20$0.18/sh+216,668$39,000→ 294,168 total
Exercise: $0.18From: 2003-12-15Exp: 2013-12-15→ Common Stock (216,668 underlying)
Award
Option to purchase common stock
2004-01-20$0.18/sh+62,500$11,250→ 294,168 total
Exercise: $0.18From: 2003-12-15Exp: 2013-12-15→ Common Stock (62,500 underlying)
Award
Option to purchase common stock
2004-01-20$0.18/sh+7,500$1,350→ 294,168 total
Exercise: $0.18From: 2003-12-15Exp: 2013-12-15→ Common Stock (7,500 underlying)

Footnotes (7)

[F1]Granted in exchange for cancellation on June 12, 2003, of options to purchase 650,000 shares of common stock
[F2]Granted in exchange for cancellation on June 12, 2003, of options to purchase 250,000 shares of common stock
[F3]Vested and exercisable as to 81.25% upon grant, and vesting as to an additional 6.25% on December 27, 2003 and each quarter thereafter.
[F4]Granted in exchange for cancellation on June 12, 2003, of an option to purchase 15,000 shares of common stock
[F5]Exercisable upon grant, subject to vesting as to 43.75% on date of grant and an additional 6.25% on the last day of each calendar quarter thereafter.
[F6]Granted in exchange for cancellation on June 12, 2003, of an option to purchase 15,000 shares of common stock
[F7]Exercisable upon grant, subject to vesting as to 18.75% on date of grant and an additional 6.25% on the last day of each calendar quarter thereafter.

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