Potts Randall N. 4
4 · Convio, Inc. · Filed Feb 28, 2011
Insider Transaction Report
Form 4
Convio, Inc.CNVO
Potts Randall N.
Vice President of Sales
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2011-01-27$9.00/sh+14,000$126,000→ 14,000 totalExercise: $9.00Exp: 2018-01-27→ Common Stock (14,000 underlying) - Award
Restricted Stock Unit
2011-01-27+2,500→ 2,500 totalExercise: $0.00→ Common Stock (2,500 underlying)
Footnotes (2)
- [F1]The option was granted under Convio Inc.'s 2009 Stock Incentive Plan. 25% of the options vest on 1/27/12. The remaining options vest in 36 equal monthly installments thereafter and become fully vested on 1/27/15. Vesting is contingent upon continued employment and subject to accelerated vesting upon termination following a change in control of the issuer.
- [F2]The restricted stock units were granted under Convio Inc.'s 2009 Stock Incentive Plan. The units vest 25% annually from the date of grant and convert to common stock of the issuer. The units are fully vested on 1/27/15. Vesting is contingent upon continued employment and subject to accelerated vesting upon termination following a change in control of the issuer.