VARSITY GROUP INC 4
4 · VARSITY GROUP INC · Filed Oct 19, 2004
Insider Transaction Report
Form 4
KERNAN JOHN T
Director
Transactions
- Award
Stock option grant
2004-06-24$6.00/sh+150,000$900,000→ 150,000 totalExercise: $6.00From: 2004-07-24Exp: 2014-07-24→ stock option grant (150,000 underlying)
Footnotes (1)
- [F1]The option is exercisable as it vests. 1/36th of the entire grant vests and becomes exercisable cumulatively every month over a 36 month period commencing on July 24, 2004, so that the entire number of option shares becomes fully vested and exercisable on June 24, 2007.