Hume Patricia 4
4 · Convio, Inc. · Filed Aug 10, 2011
Insider Transaction Report
Form 4
Convio, Inc.CNVO
Hume Patricia
Vice President, Sales
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2011-08-08$9.05/sh+75,000$678,750→ 75,000 totalExercise: $9.05Exp: 2018-08-08→ Common Stock (75,000 underlying) - Award
Restricted Stock Unit
2011-08-08+25,000→ 25,000 totalExercise: $0.00→ Common Stock (25,000 underlying)
Footnotes (2)
- [F1]The option was granted under Convio Inc.'s 2009 Stock Incentive Plan. 25% of the options vest on 8/8/12. The remaining options vest in 36 equal monthly installments thereafter and become fully vested on 8/8/15. 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 8/8/15. Vesting is contingent upon continued employment and subject to accelerated vesting upon termination following a change in control of the issuer.