Garms Mark 4
4 · AUTOBYTEL INC · Filed Mar 10, 2009
Insider Transaction Report
Form 4
AUTOBYTEL INCABTL
Garms Mark
SVP, Chief Operating Officer
Transactions
- Award
Employee Stock Option (Right to Buy)
2009-03-03+125,000→ 125,000 totalExercise: $0.35Exp: 2019-03-03→ Common Stock (125,000 underlying)
Footnotes (1)
- [F1]Grant to reporting person of options to buy shares of common stock in transaction exempt under Rule 16b-3. 33 1/3% shall vest and become exercisable on 03/03/2010 and 1/36 shall vest and become exercisable at the end of each successive monthly anniversary thereafter for the following 24 months ending on the third anniversary of the grant date. In addition to the foregoing time vesting requirements, 1/3 of the options can be exercised only if the closing price of the Company's common stock exceeds two times the exercise price over a consecutive 30-day trading period; and 1/3 of the options can be exercised only if the closing price for the Company's common stock exceeds three times the exercise price over a consecutive 30-day trading period.