CREDENCE SYSTEMS CORP 4
4 · CREDENCE SYSTEMS CORP · Filed Jun 23, 2008
Insider Transaction Report
Form 4
LEV LAVI
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Stock Option Right to buy
2008-06-20+500,000→ 1,000,000 totalExercise: $1.13From: 2012-06-20Exp: 2015-06-20→ Common Stock (500,000 underlying)
Footnotes (1)
- [F1]The reporting person will receive transitional compensation in exchange for cancellation of the options, including cash, benefit continuation and the acceleration of vesting of certain restricted shares and options.