MAJOR JO S 4
4 · AVANEX CORP · Filed Dec 22, 2006
Insider Transaction Report
Form 4
AVANEX CORPAVNX
MAJOR JO S
DirectorPresident and CEO
Transactions
- Sale
Common Stock
2006-12-20$1.77/sh−22,500$39,825→ 366,033 total - Exercise/Conversion
Restricted Stock Units
2006-12-20−50,000→ 150,000 totalExercise: $0.00From: 2006-12-20→ Common Stock (50,000 underlying) - Exercise/Conversion
Common Stock
2006-12-20$0.00/sh+50,000$50→ 388,533 total
Footnotes (2)
- [F1]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
- [F2]25% of the Restricted Stock Units awarded shall vest on December 20, 2006, and 1/48 of the Restricted Stock Units awarded shall vest each month thereafter, such that 100% of the Restricted Stock Units will be fully vested on December, 2009, subject to the Reporting Person continuing to be a Service Provider through such date.