QUADRAMED CORP 4
4 · QUADRAMED CORP · Filed Feb 6, 2008
Insider Transaction Report
Form 4
ALLEN JULIAN A L
Director
Transactions
- Award
Stock Option (right to buy)
2008-02-05+46,000→ 46,000 totalExercise: $2.01Exp: 2018-02-05→ Common Stock (46,000 underlying)
Footnotes (3)
- [F1]Mr. Allen received a Nonqualified Stock Option grant to purchase 46,000 shares of common stock (the "Initial Grant") under the Non-Employee Director Option Grant Program of the 2004 Stock Compensation Plan on February 5, 2008, the date of his initial appointment to QuadraMed's Board of Directors.
- [F2]The Initial Grant options vest in accordance with the terms of the Non-Employee Director Option Grant Program of the 2004 Stock Compensation Plan, as follows: (i) 23,000 of the options shall vest upon Mr. Allen's completion of one year of Board service measured from the Initial Grant date and (ii) the remaining 23,000 options shall vest upon Mr. Allen's completion of his second year of Board service measured from the Initial Grant date.
- [F3]Mr. Allen was awarded the options in connection with his initial appointment to the QuadraMed Board of Directors.