VANDERVELDE BERT 4
4 · KYPHON INC · Filed Jun 18, 2007
Insider Transaction Report
Form 4
KYPHON INCKYPH
VANDERVELDE BERT
President, International
Transactions
- Exercise/Conversion
Employee Stock Option (Right to Buy)
2007-06-14+2,230→ 231,000 totalExercise: $1.00From: 2002-02-01Exp: 2011-02-28→ Common Stock (2,230 underlying) - Exercise/Conversion
Common Stock
2007-06-14$1.00/sh+2,230$2,230→ 2,230 total - Sale
Common Stock
2007-06-14$48.14/sh−270$12,997→ 0 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2007-06-14+270→ 233,230 totalExercise: $1.00From: 2001-10-01Exp: 2010-10-31→ Common Stock (270 underlying) - Exercise/Conversion
Common Stock
2007-06-14$1.00/sh+270$270→ 270 total - Sale
Common Stock
2007-06-14$48.14/sh−2,230$107,349→ 0 total
Footnotes (4)
- [F1]This option vests according to the following schedule: 1/4th upon the date exercisable and 1/36th of the remainder per month thereafter.
- [F2]Includes 18,230 options exercisable at $1.00 per share, granted 2/28/01; 15,000 options exercisable at $15.40 per share, granted 7/21/03; 70,000 options exercisable at $24.26 per share, granted 6/14/04; 100,000 options exercisable at $37.41 per share, granted 7/15/05 and 30,000 options exercisable at $39.27 per share, granted 9/15/06.
- [F3]Sale made pursuant to a 10b5-1 trading plan.
- [F4]Includes 16,000 options exercisable at $1.00 per share, granted 2/28/01; 15,000 options exercisable at $15.40 per share, granted 7/21/03; 70,000 options exercisable at $24.26 per share, granted 6/14/04; 100,000 options exercisable at $37.41 per share, granted 7/15/05 and 30,000 options exercisable at $39.27 per share, granted 9/15/06.