ZAMBA CORP|4Jan 21, 12:54 PM ET

MCLEAN PAUL 4

4 · ZAMBA CORP · Filed Jan 21, 2004

Form 4

Period: 2004-01-20

Executive Vice President

Transactions

Award
Option to purchase common stock
2004-01-20$0.18/sh+3,750$675→ 1,490,025 total
Exercise: $0.18From: 2003-12-15Exp: 2013-12-15→ Common Stock (3,750 underlying)
Award
Option to purchase common stock
2004-01-20$0.18/sh+31,250$5,625→ 1,490,025 total
Exercise: $0.18From: 2003-12-15Exp: 2013-12-15→ Common Stock (31,250 underlying)
Award
Option to purchase common stock
2004-01-20$0.18/sh+475,000$85,500→ 1,490,025 total
Exercise: $0.18From: 2008-03-31Exp: 2013-12-15→ Common Stock (475,000 underlying)
Award
Option to purchase common stock
2004-01-20$0.18/sh+50,025$9,005→ 1,490,025 total
Exercise: $0.18From: 2003-12-15Exp: 2013-12-15→ Common Stock (50,025 underlying)

Footnotes (7)

[F1]Granted in exchange for cancellation on June 12, 2003, of options to purchase 160,100 shares of common stock
[F2]Granted in exchange for cancellation on June 12, 2003, of an option to purchase 15,000 shares of common stock
[F3]Exercisable as to 87.5% on December 15, 2003, and vesting as to an additional 6.25% on January 17, 2004 and each quarter thereafter.
[F4]Granted in exchange for cancellation on June 12, 2003, of an option to purchase 125,000 shares of common stock
[F5]Exercisable as to 75% on December 15, 2003, and vesting as to an additional 6.25% on February 22, 2004 and each quarter thereafter.
[F6]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
[F7]Exercisable as to 12.5% on December 15, 2003 and to an additional 6.25% each calendar quarter thereafter

Documents

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