ModusLink Global Solutions Inc 4
4 · ModusLink Global Solutions Inc · Filed Aug 25, 2009
Insider Transaction Report
Form 4
LAWLER JOSEPH C
DirectorChairman, President and CEO
Transactions
- Award
Employee Stock Option (right to buy)
2009-08-23+67,452→ 67,452 totalExercise: $7.28From: 2010-08-23Exp: 2016-08-23→ Common Stock (67,452 underlying) - Tax Payment
Common Stock
2009-08-23$7.28/sh−22,854$166,377→ 376,348 total - Award
Common Stock
2009-08-23+44,968→ 376,348 total
Footnotes (3)
- [F1]Shares acquired are shares of restricted stock granted pursuant to the terms of Mr. Lawler's employment offer letter, dated August 23, 2004. Restrictions lapse with respect to 20% of the shares covered thereby on each of the first five anniversaries of the date of grant, provided Mr. Lawler remains employed by ModusLink Global Solutions, Inc. on each such anniversary date.
- [F2]Payment of tax liability by delivering securities incident to the vesting of shares of restricted stock on August 23, 2009 in accordance with Rule 16b-3.
- [F3]Option vests and becomes exercisable as to 20% of the shares covered thereby on each of the first five anniversaries of the date of grant until fully vested on the fifth anniversary of the date of grant, provided Mr. Lawler remains employed by ModusLink Global Solutions, Inc. on each such anniversary date.