4//SEC Filing
HANSEN JAMES 4
Accession 0001179110-06-023310
CIK 0000720145other
Filed
Dec 11, 7:00 PM ET
Accepted
Dec 12, 3:41 PM ET
Size
20.0 KB
Accession
0001179110-06-023310
Insider Transaction Report
Form 4
CIPRICO INCCPCI
HANSEN JAMES
Interim CEO
Transactions
- Disposition to Issuer
Common Stock
2006-12-11−25,000→ 71,656 total - Award
Employee Stock Option
2006-12-11+37,500→ 37,500 totalExercise: $4.65Exp: 2010-10-05→ Common Stock (37,500 underlying) - Disposition to Issuer
Employee Stock Option
2006-12-11−37,500→ 0 totalExercise: $4.65Exp: 2009-10-05→ Common Stock (37,500 underlying) - Award
Common Stock
2006-02-24$5.79/sh+25,000$144,750→ 96,656 total - Disposition to Issuer
Employee Stock Option
2006-12-11−12,500→ 37,500 totalExercise: $4.65Exp: 2009-10-05→ Common Stock (50,000 underlying) - Disposition to Issuer
Director Stock Option (Right to Buy)
2006-12-11−5,000→ 0 totalExercise: $7.63From: 2002-04-06Exp: 2008-04-06→ Common Stock (5,000 underlying)
Holdings
- 3,000
Director Stock Option (Right to Buy)
Exercise: $5.68From: 2005-01-23Exp: 2011-01-23→ Common Stock (3,000 underlying) - 25,000
Employee Stock Option
Exercise: $4.80From: 2005-04-28Exp: 2009-04-28→ Common Stock (25,000 underlying) - 6,000
Director Stock Option (Right to Buy)
Exercise: $6.00From: 2003-01-24Exp: 2009-01-23→ Common Stock (6,000 underlying)
Footnotes (3)
- [F1]Exercisable 25% per year during second through fifth years after initial grant date.
- [F2]As Mr. Hansen was the principal catalyst in recruiting a new CEO for the Company, Mr. Hansen has voluntarily agreed to changes in his Employment Agreement and has voluntarily agreed to cancel 25,000 shares of Restricted Stock and also agreed to cancel options for 5,000 shares currently exercisable along with 12,500 of options currently unexercisable. In consideration of the cancellation of the foregoing, the expiration date on the remaining 37,500 options was extended for one year.
- [F3]The amendment of the outstanding option results in a deemed cancellation of option and grant of replacement option because the expiration date was extended for one year.
Documents
Issuer
CIPRICO INC
CIK 0000720145
Entity typeother
Related Parties
1- filerCIK 0001174973
Filing Metadata
- Form type
- 4
- Filed
- Dec 11, 7:00 PM ET
- Accepted
- Dec 12, 3:41 PM ET
- Size
- 20.0 KB