MCPHEETERS BRUCE B 4
4 · Lawson Software, Inc. · Filed Jul 20, 2010
Insider Transaction Report
Form 4
MCPHEETERS BRUCE B
Secretary, Gen Counsel & SVP
Transactions
- Tax Payment
Restricted Stock Units
2010-07-16−7,473→ 10,027 totalExercise: $0.00From: 2010-07-16Exp: 2010-08-16→ common stock (7,473 underlying) - Tax Payment
Common Stock
2010-07-20$7.67/sh+47,840$366,933→ 188,760 total - Exercise/Conversion
Restricted Stock Units
2010-07-16−10,027→ 0 totalExercise: $0.00From: 2010-07-16Exp: 2010-08-16→ common stock (10,027 underlying) - Award
Common Stock
2010-07-16$7.63/sh+20,054$153,012→ 115,160 total - Tax Payment
Restricted Stock Units
2010-07-16−7,473→ 10,027 totalExercise: $0.00From: 2010-07-16Exp: 2010-08-16→ common stock (7,473 underlying) - Exercise/Conversion
Restricted Stock Units
2010-07-16−10,027→ 0 totalExercise: $0.00From: 2010-07-16Exp: 2010-08-16→ common stock (10,027 underlying) - Tax Payment
option - right to buy
2010-07-20−84,450→ 73,600 totalExercise: $2.32From: 2001-06-01Exp: 2010-09-27→ common Stock (84,450 underlying) - Exercise/Conversion
option - right to buy
2010-07-20−73,600→ 0 totalExercise: $2.32From: 2001-06-01Exp: 2010-09-27→ Common Stock (73,600 underlying)
Footnotes (3)
- [F1]Includes 15,000 shares of restricted stock.
- [F2]On November 13, 2008 (17,500) and August 13, 2009 (17,500) Lawson granted to the reporting person 35,000 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 35,000 RSUs vested under the terms of those grants. On July 16, 2010 14,946 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 20,054 RSUs were converted into 20,054 shares Lawson common stock and delivered to the reporting person, in an exempt transaction under Rule 16b-3.
- [F3]On July 20, 2010, the reporting person (a) exercised 158,050 nonqualified stock options granted on September 27, 2000 in an exempt transaction under Rule 16b-3, paid the exercise price of $2.3216 per share ($366,928.88) through the surrender of 47,840 of the option shares, and valued at $7.67 per share (the closing price on Nasdaq on July 19, 2010) and (b) paid the minimum tax withholdings by surrendering 36,610 of the option shares valued at $7.67 per share.