Lawson Software, Inc. 4
4 · Lawson Software, Inc. · Filed Oct 27, 2010
Insider Transaction Report
Form 4
CHANG STEVEN C
Director
Transactions
- Award
option - right to buy
2010-10-25+19,900→ 19,900 totalExercise: $8.83From: 2010-10-25Exp: 2017-10-25→ common stock (19,900 underlying) - Award
restricted stock units
2010-10-25+7,800→ 7,800 totalExercise: $0.00From: 2010-10-25→ common stock (7,800 underlying)
Footnotes (2)
- [F1]Exempt grant under Rule 16b-3 pursuant to 2010 Stock Incentive Plan. The exercise price per share is the closing price per share on NASDAQ on the date of grant (October 25, 2010). The nonqualified stock options are 100% vested as of the date of grant and expire on the earlier of (a) two years after the recipient leaves the Board of Directors or (b) seven years after grant.
- [F2]Exempt grant under Rule 16b-3 pursuant to 2010 Stock Incentive Plan. The restricted stock units are 100% vested as of the date of grant and convert to shares of common stock upon the earlier of: (a) the date on which the recipient is no longer a member of the Board of Directors, (b) a change in control of Lawson (generally 50% or more change in ownership) or (c) there is an unforeseeable emergency, applicable to the recipient, as determined by the Compensation Committee of the Board of Directors in accordance with Section 1.409A-3(i)(3) of the regulations under Section 409A of the Internal Revenue Code.