BENSON GARY 4
4 · GLOBAL TRAFFIC NETWORK, INC. · Filed Mar 8, 2010
Insider Transaction Report
Form 4
BENSON GARY
Director
Transactions
- Award
Common Stock
2010-03-03+20,000→ 60,000 total
Holdings
- 52,000(indirect: By Goben Enterprises, LP)
Common Stock
- 50,000
Stock Options (right to buy)
Exercise: $5.00Exp: 2016-03-23→ Common Stock (50,000 underlying)
Footnotes (4)
- [F1]Grant of restricted stock. Restrictions lapse as to 6,667 shares on each of March 3, 2011 and March 3, 2012; and as to 6,666 shares on March 3, 2013.
- [F2]A family limited partnership of which the Reporting Person is a general partner.
- [F3]In addition to the current grant, includes prior grants of restricted stock, with restrictions that lapsed as to 6,667 shares on February 20, 2009 and February 20, 2010 and that will lapse with respect to 6,666 shares on February 20, 2011; and restrictions that lapsed as to 6,667 shares on February 26, 2010 and Will lapse with respect to 6,667 shares on February 26, 2011, and as to 6,666 shares on February 26, 2012.
- [F4]Options vest in equal increments over three years beginning on the first anniversary of the date of grant.