SMITH NORMAN D 4
4 · ZAMBA CORP · Filed Jan 21, 2004
Insider Transaction Report
Form 4
ZAMBA CORPZMBA
SMITH NORMAN D
DirectorPresident & CEO
Transactions
- Award
Option to purchase common stock
2004-01-20$0.18/sh+250,000$45,000→ 2,500,000 totalExercise: $0.18From: 2003-12-15Exp: 2013-12-15→ Common Stock (250,000 underlying)
Footnotes (2)
- [F1]Exercisable as to 12.5% on December 15, 2003 and to an additional 6.25% each calendar quarter thereafter
- [F2]Exercisable on March 31, 2008, provided that, if, in any quarter commencing with the quarter that begins on July 1, 2003, and ending with the quarter that ends on June 30, 2005, the Company is profitable, as measured by its earnings before interest, taxes, amortization, and one-time or non-recurring charges, and in accordance with Generally Accepted Accounting Principles, 12.5% of such options shall vest at the end of each such quarter