Balmforth Colin 4
4 · Lawson Software, Inc. · Filed Aug 17, 2010
Insider Transaction Report
Form 4
Balmforth Colin
EVP Support & Delivery
Transactions
- Award
Common Stock
2010-08-13$7.40/sh+7,571$56,025→ 32,571 total - Tax Payment
Restricted Stock Units
2010-08-13−3,679→ 7,571 totalExercise: $0.00From: 2010-08-13Exp: 2010-09-13→ Common Stock (3,679 underlying) - Exercise/Conversion
Restricted Stock Units
2010-08-13−7,571→ 0 totalExercise: $0.00From: 2010-08-13Exp: 2010-09-13→ Common Stock (7,571 underlying)
Footnotes (2)
- [F1]Includes 25,000 shares of restricted stock.
- [F2]On August 13, 2009 Lawson granted to the reporting person 11,250 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 August 13, 2010 all 11,250 RSUs vested under the terms of those grants. On August 13, 2010, 3,679 of the RSUs were withheld by Lawson to pay the minimum tax withholdings based on the closing price of $7.40 per share on August 13, 2010, and the remaining 7,571 RSUs were converted into 7,571 shares of Lawson common stock and delivered to the reporting person, in an exempt transaction under Rule 16b-3.