White Grover 4
4 · Lawson Software, Inc. · Filed Jul 20, 2010
Insider Transaction Report
Form 4
White Grover
Sr. Vice President
Transactions
- Tax Payment
Restricted Stock Units
2010-07-16−3,761→ 7,739 totalExercise: $0.00From: 2010-07-16Exp: 2010-08-16→ common stock (3,761 underlying) - Exercise/Conversion
Restricted Stock Units
2010-07-16−7,739→ 0 totalExercise: $0.00From: 2010-07-16Exp: 2010-08-16→ common stock (7,739 underlying) - Tax Payment
Restricted Stock Units
2010-07-16−3,761→ 7,739 totalExercise: $0.00From: 2010-07-16Exp: 2010-08-16→ common stock (3,761 underlying) - Award
Common Stock
2010-07-16$7.63/sh+15,478$118,097→ 29,878 total - Exercise/Conversion
Restricted Stock Units
2010-07-16−7,739→ 0 totalExercise: $0.00From: 2010-07-16Exp: 2010-08-16→ common stock (7,739 underlying)
Footnotes (2)
- [F1]Includes 10,600 shares of restricted stock.
- [F2]On November 13, 2008 (11,500) and August 13, 2009 (11,500) Lawson granted to the reporting person 23,000 restricted stock units (RSUs) under the 2001 Stock Incentive Plan in an exempt transaction under Rule 16b-3. The RSUs had no exercise or purchase price. On July 16, 2010 all 23,000 RSUs vested under the terms of those grants. On July 16, 2010 7,522 of the RSUs were withheld by Lawson to pay the minimum tax withholdings based on the closing price of $7.63 per share on July 16, 2010, and the remaining 15,478 RSUs were converted into 15,478 shares of Lawson common stock and delivered to the reporting person, in an exempt transaction under Rule 16b-3.for fiscal 2010 if the performance measurement has been met.