MAJOR JO S 4
4 · AVANEX CORP · Filed Jul 11, 2006
Insider Transaction Report
Form 4
AVANEX CORPAVNX
MAJOR JO S
DirectorPresident and CEO
Transactions
- Sale
Common Stock
2006-06-30$1.72/sh−9,240$15,893→ 318,686 total - Sale
Common Stock
2006-06-30$1.75/sh−20,000$35,000→ 298,686 total - Exercise/Conversion
Common Stock
2006-06-30$0.00/sh+76,087$76→ 327,926 total - Exercise/Conversion
Restricted Stock Units
2006-06-30−76,087→ 456,522 totalExercise: $0.00From: 2006-03-31→ Common Stock (76,087 underlying) - Sale
Common Stock
2006-06-30$1.76/sh−5,000$8,800→ 293,686 total
Footnotes (3)
- [F1]On June 30, 2006 Reporting Person vested as to 76,087 shares; the Reporting Person is responsible for fulfilling his own tax obligation.
- [F2]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 28, 2006
- [F3]12.5% of the Restricted Stock Units awarded shall vest on March 31, 2006 and 12.5% of the Restricted Stock Units awarded shall vest each quarter therafter, such that 100% of the Restricted Stock Units will be fully vested on December 31, 2007, subject to the Reporting Person continuing to be a Service Provider through such dates.