4/A//SEC Filing
Cochinwala Nasir 4/A
Accession 0001181431-08-050288
CIK 0001084750other
Filed
Aug 26, 8:00 PM ET
Accepted
Aug 27, 4:02 PM ET
Size
6.1 KB
Accession
0001181431-08-050288
Insider Transaction Report
Form 4/AAmended
NAVISITE INCNAVI
Cochinwala Nasir
SVP of Professional Services
Transactions
- Award
Common Stock
2008-07-22+90,000→ 105,897 total
Footnotes (1)
- [F1]Shares are restricted stock granted pursuant to NaviSite's Amended and Restated 2003 Stock Incentive Plan. Restrictions lapse as follows: (i) for the first 1/3 of the shares, 50% vests upon the company exceeding a market capitalization of $182,330,695 for 20 consecutive trading days and, so long as the employee remains employed by the company, the remaining 50% of such 1/3 vests on the one year anniversary thereafter, (ii) for the second 1/3 of the shares, 50% vests upon the company exceeding a market capitalization of $232,330,695 for 20 consecutive trading days, and, so long as the employee remains employed by the company, the remaining 50% of such 1/3 vests on the one year anniversary thereafter, and (iii) for the final 1/3 of the shares, 50% vests upon the company exceeding a market capitalization of $282,330,695 for 20 consecutive trading days and, so long as the employee remains employed by the company, the remaining 50% of such 1/3 vests on the one year anniversary thereafter.
Documents
Issuer
NAVISITE INC
CIK 0001084750
Entity typeother
Related Parties
1- filerCIK 0001433124
Filing Metadata
- Form type
- 4/A
- Filed
- Aug 26, 8:00 PM ET
- Accepted
- Aug 27, 4:02 PM ET
- Size
- 6.1 KB