VISUAL NETWORKS INC 4
4 · VISUAL NETWORKS INC · Filed Jun 13, 2005
Insider Transaction Report
Form 4
GLOTZBACH EDWARD L
Director
Transactions
- Award
Non-Qualified Stock Option (Right to Buy)
2005-06-01$1.31/sh+25,000$32,750→ 25,000 totalExercise: $1.31From: 2008-07-01Exp: 2015-06-01→ Common Stock (25,000 underlying)
Footnotes (1)
- [F1]On June 1, 2005, Mr. Glotzbach was granted an option to purchase up to 25,000 shares of Common Stock, which begins vesting monthly on the thirty-seven-month anniversary of the grant date at 1/12th per month so that the option becomes fully vested upon the four-year anniversary of the grant date.