Weaver Lisa A. 4
4 · StarTek, Inc. · Filed Mar 21, 2013
Insider Transaction Report
Form 4
Weaver Lisa A.
SVP, Chief Financial Officer
Transactions
- Disposition to Issuer
Stock Options
2013-03-19$2.94/sh−14,586$42,883→ 0 totalExercise: $4.56From: 2013-02-25Exp: 2023-02-25→ Common Stock (14,586 underlying)
Footnotes (1)
- [F1]On March 19, 2013, the Issuer repurchased from the Reporting Person a stock option to purchase 14,586 shares of the Issuer's common stock. The stock option was granted to the Reporting Person on February 25, 2013 as a payout of the Reporting Person's 2012 annual cash incentive award by converting 50% of the cash award ($42,893) into stock options at the Black-Scholes value ($2.94 per share). The Issuer and the Reporting Person agreed on March 19, 2013 to reverse this payout election by agreeing to cancel the stock option in exchange for a cash payment to the Reporting Person equal to the original payout amount that was converted into stock options ($42,893). The stock option was in-the-money at the time of cancellation.