IPASS INC 4
4 · IPASS INC · Filed Jun 2, 2008
Insider Transaction Report
Form 4
IPASS INCIPAS
GOLD STANLEY P
Director
Transactions
- Award
Stock Option (Right to Buy)
2008-05-29+30,000→ 30,000 totalExercise: $2.22Exp: 2018-05-29→ Common Stock (30,000 underlying) - Award
Restricted Stock
2008-05-29+10,000→ 10,000 total
Footnotes (2)
- [F1]The shares of restricted stock vest one-third on each of the anniversaries of the date of grant. In the event of Mr. Gold's termination with the Issuer, the Issuer may receive via a forfeiture condition, any or all of the unvested shares of common stock held by him as of the date of termination. These shares of restricted stock were granted to Mr. Gold, a non-employee director of the Issuer, pursuant to the 2003 Non-Employee Directors Plan upon his appointment to the board of directors of the Issuer on May 29, 2008.
- [F2]The stock options vest as to one-third of the shares on the first anniversary of the date of grant and the remainder vest in 24 equal monthly tranches over the succeeding 24 months. These stock options were granted to Mr. Gold, a non-employee director of the Issuer, pursuant to the 2003 Non-Employee Directors Plan upon his appointment to the board of directors of the Issuer on May 29, 2008.