GLOBAL TRAFFIC NETWORK, INC. 4
4 · GLOBAL TRAFFIC NETWORK, INC. · Filed Jul 13, 2009
Insider Transaction Report
Form 4
WOROBOW GARY L
EVP, Business & Legal Affairs
Transactions
- Award
Stock Options (right to buy)
2009-07-09+20,000→ 20,000 totalExercise: $3.76Exp: 2019-07-09→ Common Stock (20,000 underlying)
Holdings
- 40,000
Common stock
- 50,000
Stock Options (right to buy)
Exercise: $4.66Exp: 2019-03-11→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]Includes (i) 20,000 shares of restricted stock granted on February 20, 2008 with restrictions that lapse with respect to 6,667 shares on each of February 20, 2009 and 2010, and restrictions that lapse with respect to 6,666 shares on February 20, 2011; and (ii) 20,000 shares of restricted stock granted on February 26, 2009 with restrictions that lapse with respect to 6,667 shares on each of February 26, 2010 and 2011, and restrictions that lapse with respect to 6,666 shares on February 26, 2012.
- [F2]33,333 shares are immediately exercisable; 16,667 shares vest on 12/8/09.
- [F3]6,667 shares vest on each of 7/9/10 and 7/9/11; 6,666 shares vest on 7/9/12.