BENSON GARY 4
4 · GLOBAL TRAFFIC NETWORK, INC. · Filed Mar 2, 2009
Insider Transaction Report
Form 4
BENSON GARY
Director
Transactions
- Award
Common Stock
2009-02-26+20,000→ 40,000 total
Holdings
- 50,000
Stock Options (right to buy)
Exercise: $5.00Exp: 2016-03-23→ Common Stock (50,000 underlying) - 50,000(indirect: By Goben Enterprises, LP)
Common Stock
Footnotes (4)
- [F1]Grant of restricted stock. Restrictions lapse as to 6,667 shares on each of February 26, 2010 and February 26, 2011; and as to 6,666 shares on February 26, 2012.
- [F2]A family limited partnership of which the Reporting Person is a general partner.
- [F3]In addition to the current grant, includes a prior grant of restricted stock, with restrictions that lapsed as to 6,667 shares on February 20, 2009 and with restrictions that lapse on February 20, 2010 and 2011 with respect to 6,667 and 6,666 shares, respectively.
- [F4]Options vest in equal increments over three years beginning on the first anniversary of the date of grant.