SELECTICA INC 4
4 · SELECTICA INC · Filed Oct 4, 2006
Insider Transaction Report
Form 4
SELECTICA INCSLTC
NICHOLSON TERRANCE
VP,COO Contract Mgmt Solutions
Transactions
- Award
Employee Stock Option (right to buy)
2006-10-02+350,000→ 350,000 totalExercise: $2.46From: 2006-11-02Exp: 2016-10-01→ Common Stock (350,000 underlying) - Award
Common Stock
2006-10-02+75,000→ 75,000 total
Footnotes (2)
- [F1]All shares vest on the earliest permissible trading day after the close of the second consecutive fiscal quarter for which the Company shows positive net income. In addition, (1) 50% of the shares shall become vested, if the Company is subject to a Change in Control, and (2) 50% of the shares shall become vested if (A) the Company is subject to a Change in Control and (B) the Employee, within 12 months after such Change in Control, is involuntarily terminated.
- [F2]Vests and becomes exercisable in equal monthly installments over the first 48 months of continuous service.