VANDERVELDE BERT 4
4 · KYPHON INC · Filed Jan 5, 2006
Insider Transaction Report
Form 4
KYPHON INCKYPH
VANDERVELDE BERT
President, International
Transactions
- Exercise/Conversion
Employee Stock Option (Right to Buy)
2006-01-03$1.00/sh−5,000$5,000→ 214,000 totalExercise: $1.00From: 2001-10-01Exp: 2010-10-31→ Common Stock (5,000 underlying) - Exercise/Conversion
Common Stock
2006-01-03$1.00/sh+5,000$5,000→ 5,000 total - Sale
Common Stock
2006-01-03$41.00/sh−5,000$205,000→ 0 total
Footnotes (3)
- [F1]Sale made pursuant to a 10b5-1 trading plan.
- [F2]This option vests according to the following schedule: 1/4 upon the date exercisable and 1/36 of the remainder per month thereafter.
- [F3]Includes 10,770 options exercisable at $1.00 per share, granted 10/31/00; 18,230 options exercisable at $1.00 per share, granted 2/28/01; 15,000 options exercisable at $15.40 per share, granted 7/21/03; 70,000 options exercisable at $24.26 per share, granted 6/14/04, and 100,000 options exercisable at $37.41 per share, granted 7/15/05.