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4//SEC Filing

I MANY INC 4

Accession 0001181431-07-000164

CIK 0001104017operating
View on SEC.govCompany Profile

Filed

Jan 2, 7:00 PM ET

Accepted

Jan 3, 9:54 AM ET

Size

15.2 KB

Accession

0001181431-07-000164

Insider Transaction Report

Form 4
Period: 2007-01-02
I MANY INCIMNY
Rade John Andrew
Director
Transactions
  • Award

    Stock Option

    2007-01-02+1→ 109,000 total
    Exercise: $1.65From: 2011-08-16Exp: 2017-01-02→ Common Stock (109,000 underlying)
Holdings

  • Common Stock (unrestricted)

    (indirect: By Spouse)
    2,000

  • Restricted Common Stock

    8,572

  • Stock Option

    Exercise: $1.70From: 2006-07-05Exp: 2015-07-05→ Common Stock (62,500 underlying)
    62,500

  • Stock Option

    Exercise: $1.91From: 2007-08-16Exp: 2016-09-01→ Common Stock (600,000 underlying)
    600,000

  • Stock Option

    Exercise: $1.55From: 2007-02-18Exp: 2016-02-18→ Common Stock (250,000 underlying)
    250,000

  • Stock Option

    Exercise: $1.48From: 2006-10-28Exp: 2015-10-28→ Common Stock (25,000 underlying)
    25,000

  • Common Stock (unrestricted)

    70,000

  • Stock Option

    Exercise: $1.91From: 2011-08-16Exp: 2016-09-01→ Common Stock (191,000 underlying)
    191,000
Footnotes (4)
  • [F1]These option shares will vest only if the arithmetic average of the daily volume-weighted average price ("VWAP") of the Company's common stock over the prior consecutive 20 trading days attains the following prices: 25% of the option shares will vest if the VWAP equals or exceeds $3.00, an additional 25% will vest if the VWAP equals or exceeds $4.50, an additional 25% will vest if the VWAP equals or exceeds $6.00, and the final 25% will vest if the VWAP equals or exceeds $7.50. In any event, all option shares will vest by August 16, 2011.
  • [F2]These option shares shall vest as follows, provided the reporting person continues to serve as Chief Executive Officer of the Company: one-third on August 16, 2007 and then one-twelfth quarterly thereafter, so that all shares will vest by August 16, 2009.
  • [F3]The shares subject to this option will become exercisable as follows: provided that Mr. Rade remains a director or employee of the Company, 12.5% (31,250 shares) will become exercisable on each of the first, second, third and fourth anniversaries of grant; and additional 12.5% increments will become exercisable if and when the arithmetic average of the daily volume-weighted average price (VWAP) of the Company's common stock over 20 consecutive trading days reaches $3.00 per share, $5.00 per share, $7.00 per share and $9.00 per share.
  • [F4]Option will vest in three equal installments beginning on first anniversary of grant.

Documents

1 file

Issuer

I MANY INC

CIK 0001104017

→
Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0001104017

Filing Metadata

Form type
4
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 9:54 AM ET
Size
15.2 KB
View on SEC.gov