AVANEX CORP 4
4 · AVANEX CORP · Filed Jul 9, 2007
Insider Transaction Report
Form 4
AVANEX CORPAVNX
Kolb Bradley
Senior VP, Operations
Transactions
- Sale
Common Stock
2007-07-05$1.86/sh−22,500$41,850→ 124,272 total
Footnotes (4)
- [F1]The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan originally adopted by the reporting person on May 25, 2006, as transferred to a new broker on March 12, 2007.
- [F2]Includes 50,000 unvested Restricted Stock Units granted on March 23, 2006 that are vesting according to the following schedule: approximately 25,000 of the Restricted Stock Units shall vest each quarter hereafter, such that 100% of the Restricted Units will be fully vested on December 31, 2007, subject to the Reporting Person continuing to be a Service Provider through such date.
- [F3]Includes 50,000 unvested Restricted Stock Units granted on October 9, 2006 that will vest according to the following schedule: 25% of the Restricted Stock Units awarded shall vest on October 9, 2007, and 1/48 of the Restricted Stock Units awarded shall vest each month thereafter, such that 100% of the Restricted Stock Units will fully vest on October 9, 2010, subject to the Reporting Person continuing to be a Service Provider through such date.
- [F4]Includes 9,272 unvested shares of Restricted Stock Units that will vest according to the following schedule: 25% of the Restricted Stock Units awarded shall vest on February 15, 2008, 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 February 15, 2011, subject to the Reporting Person continuing to be a Service Provider through such date.