Kent Richard 4
4 · SUNRISE TELECOM INC · Filed Apr 2, 2009
Insider Transaction Report
Form 4
Kent Richard
Chief Financial Officer
Transactions
- Award
Employee Stock Option (right to buy)
2009-03-31+80,000→ 80,000 totalExercise: $0.66From: 2010-03-31Exp: 2019-03-31→ Common Stock (80,000 underlying)
Footnotes (2)
- [F1]Represents the per share closing price of the Company?s common stock on the date of grant, March 31, 2009.
- [F2]Vests 25% on the one year anniversary of grant date; thereafter, 1/48 of the total options granted become exercisable on the first day of each succeeding month. Vesting accelerates and the option becomes immediately exercisable in full upon: (a) a 100% change of control of the company (as a result of stock sales, tender offer, merger or sale of assets); or (b) the Company or its successor terminating the employment of the option holder without cause within two months prior to or following a 70% change of control of the Company.