NET2PHONE INC 4
4 · NET2PHONE INC · Filed Dec 16, 2004
Insider Transaction Report
Form 4
NET2PHONE INCNTOP
ALROY LIORE
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2004-12-16+800,000→ 800,000 total - Award
Employee Stock Option (right to buy)
2004-12-16$3.45/sh+800,000$2,760,000→ 800,000 totalExercise: $3.45Exp: 2014-10-31→ Common stock (800,000 underlying)
Footnotes (3)
- [F1]These shares represent restricted shares granted pursuant to the reporting person's employment agreement with the Company. The restrictions on these shares lapse as follows: 1/3 on October 31, 2005, 1/3 on October 31, 2006 and 1/3 on October 31, 2007.
- [F2]Not applicable.
- [F3]The options will vest as follows: 1/3 on October 31, 2005, 1/3 on October 31, 2006 and 1/3 on October 31, 2007.