CREDENCE SYSTEMS CORP 4
4 · CREDENCE SYSTEMS CORP · Filed Dec 13, 2006
Insider Transaction Report
Form 4
BATTY JOHN
Senior Vice President & CFO
Transactions
- Award
Stock Option Right to Buy
2006-12-11−50,000→ 375,000 totalExercise: $5.33Exp: 2013-12-11→ Common Stock (50,000 underlying)
Footnotes (1)
- [F1]Stock options granted from 2005 Stock Incentive Plan. The options vest, subject to continuous service, at the rate of twelve and one-half percent (12.5%) six (6) months from the date of grant with the remaining shares vesting in fourteen (14) equal and successive quarterly installments upon the optionee's completion of each additional three (3) month period of service thereafter. The option expires seven (7) years from date of grant.