Pace Steve 4
4 · NAVISITE INC · Filed Feb 22, 2005
Insider Transaction Report
Form 4
NAVISITE INCNAVI
Pace Steve
SVP, Sales and Marketing
Transactions
- Award
Stock Option (right to buy)
2005-02-20+100,000→ 100,000 totalExercise: $4.39From: 2004-12-07Exp: 2014-06-10→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]The option was granted on June 10, 2004 pursuant to NaviSite's Amended and Restated 2003 Stock Incentive Plan (the "Plan"), subject to stockholder approval of an amendment to the Plan increasing the number of shares of common stock available for issuance thereunder. Stockholder approval of the amendment to the Plan became effective on February 20, 2005.
- [F2]The option vested and became exercisable as to 25% of the shares subject to the option on December 7, 2004. Thereafter, the remaining shares subject to the option vest in 36 equal monthly installments.