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TIER TECHNOLOGIES INC·4

Aug 28, 3:44 PM ET

SCOTT T MICHAEL 4

4 · TIER TECHNOLOGIES INC · Filed Aug 28, 2006

Insider Transaction Report

Form 4
Period: 2006-08-28
TIER TECHNOLOGIES INCTIER
SCOTT T MICHAEL
Director
Transactions
  • Award

    Non-Qualified Stock Option (right to buy)

    2006-08-24$5.95/sh+40,000$238,000→ 40,000 total
    Exercise: $5.95Exp: 2016-08-23→ Common Stock (40,000 underlying)
Footnotes (1)
  • [F1]Vesting is 1/5 on each anniversary of the date of grant for five years.

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