White Grover 4
4 · Lawson Software, Inc. · Filed Aug 17, 2010
Insider Transaction Report
Form 4
White Grover
Sr. Vice President
Transactions
- Exercise/Conversion
Restricted Stock Units
2010-08-13−5,944→ 0 totalExercise: $0.00From: 2010-08-13Exp: 2010-09-13→ common stock (5,944 underlying) - Award
Common Stock
2010-08-13$7.40/sh+5,944$43,986→ 35,822 total - Tax Payment
Restricted Stock Units
2010-08-13−2,681→ 5,944 totalExercise: $0.00From: 2010-08-13Exp: 2010-09-13→ common stock (2,681 underlying)
Footnotes (2)
- [F1]Includes 10,600 shares of restricted stock.
- [F2]On August 13, 2009 Lawson granted to the reporting person 8,625 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 8,625 RSUs vested under the terms of those grants. On August 13, 2010 2,681 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 5,944 RSUs were converted into 5,944 shares of Lawson common stock and delivered to the reporting person, in an exempt transaction under Rule 16b-3.