MEDEIROS MATTHEW 4
4 · SONICWALL INC · Filed May 6, 2010
Insider Transaction Report
Form 4
SONICWALL INCSNWL
MEDEIROS MATTHEW
DirectorPresident & CEO
Transactions
- Exercise/Conversion
Common Stock
2010-05-05$3.38/sh+30,000$101,400→ 201,874 total - Exercise/Conversion
Employee Stock Option (Right to buy)
2010-05-04−20,000→ 2,003,960 totalExercise: $3.38Exp: 2013-03-17→ Common Stock (20,000 underlying) - Sale
Common Stock
2010-05-05$9.66/sh−30,000$289,665→ 171,874 total - Exercise/Conversion
Common Stock
2010-05-04$3.38/sh+20,000$67,600→ 191,874 total - Sale
Common Stock
2010-05-04$9.88/sh−20,000$197,692→ 171,874 total - Exercise/Conversion
Employee Stock Option (Right to buy)
2010-05-05−30,000→ 1,973,960 totalExercise: $3.38Exp: 2013-03-17→ Common Stock (30,000 underlying)
Footnotes (5)
- [F1]This transaction was executed pursuant to a Rule 10b5-1 trading plan that was adopted by the Reporting Person on May 14, 2009.
- [F2]The 20,000 shares were sold through separate trades, with the sale prices ranging from $9.7519 to $10.00, and at a weighted average sale price of $9.8846. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission (the "SEC"), the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate purchase price.
- [F3]The 30,000 shares were sold through separate trades, with the sale prices ranging from $9.562 to $9.7819, and at a weighted average sale price of $9.6555. The Reporting Person undertakes to provide upon request by the staff of the SEC, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate purchase price.
- [F4]The Reporting Person exercised 20,000 shares of the 2,400,000 share option granted under the Issuer's 1998 Stock Option Plan, which 2,400,000 share option vests and becomes exercisable as to 1/4th of the shares on March 17, 2004 and as to 1/48th of the shares on each one month anniversary thereafter (the "2,400,000 Share Option").
- [F5]The Reporting Person exercised 30,000 shares of the 2,400,000 Share Option.