Lawson Software, Inc. 4
4 · Lawson Software, Inc. · Filed Nov 13, 2009
Insider Transaction Report
Form 4
CHANG STEVEN C
Director
Transactions
- Award
option - right to buy
2009-11-11+33,000→ 33,000 totalExercise: $6.65From: 2009-11-11Exp: 2016-11-11→ common stock (33,000 underlying) - Award
restricted stock units
2009-11-11+10,000→ 10,000 totalExercise: $0.00From: 2009-11-11→ common stock (10,000 underlying)
Holdings
- 20,057
common stock
Footnotes (2)
- [F1]Exempt grant under Rule 16b-3 pursuant to 2001 Stock Incentive Plan. The exercise price per share is the closing price per share on NASDAQ on the date of grant (November 11, 2009). The nonqualified stock options are 100% vested as of the date of grant and expire on the earlier of (a) two years after the recipient leaves the Board of Directors or (b) seven years after grant.
- [F2]Exempt grant under Rule 16b-3 pursuant to 2001 Stock Incentive Plan. The restricted stock units are 100% vested as of the date of grant and convert to shares of common stock upon the earlier of: (a) the date on which the recipient is no longer a member of the Board of Directors, (b) a change in control of Lawson (generally 50% or more change in ownership) or (c) there is an unforeseeable emergency, applicable to the recipient, as determined by the Compensation Committee of the Board of Directors in accordance with Section 1.409A-3(i)(3) of the regulations under Section 409A of the Internal Revenue Code.