RAINING DATA CORP 4
4 · RAINING DATA CORP · Filed Jun 15, 2007
Insider Transaction Report
Form 4
Lim Thomas
Chief Financial Officer
Transactions
- Award
Employee Stock Option (Right to Buy)
2007-06-12$2.70/sh+100,000$270,000→ 250,000 totalExercise: $2.70From: 2008-06-12Exp: 2017-06-12→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]25% of 100,000 shares is exercisable one year from June 16, 2007; 1/48th of 100,000 shares is exercisable each month thereafter.
- [F2]Provides for acceleration of vesting if involuntarily terminated within 12 months after a change of control.