VARSITY GROUP INC 4
4 · VARSITY GROUP INC · Filed Dec 20, 2004
Insider Transaction Report
Form 4
BENSON JACK M
Chief Financial Officer
Transactions
- Award
Stock Option Grant
2004-12-10+100,000→ 100,000 totalExercise: $5.88From: 2005-12-10Exp: 2014-12-10→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]Vesting commences on 12/10/04 over five years at 20% per year. Initial 20% vest after one year, balance vest annually in equal increments.
- [F2]Mr. Benson holds a total of five (5) previously issued and reported employee stock option grants with strike prices ranging from $0.344-$4.54 and a total of 951,000 options