MEDEIROS MATTHEW 4
4 · SONICWALL INC · Filed May 10, 2010
Insider Transaction Report
Form 4
SONICWALL INCSNWL
MEDEIROS MATTHEW
DirectorPresident & CEO
Transactions
- Sale
Common Stock
2010-05-06$9.61/sh−39,200$376,759→ 171,874 total - Exercise/Conversion
Employee Stock Option (Right to buy)
2010-05-06−39,200→ 1,934,760 totalExercise: $3.38Exp: 2013-03-17→ Common Stock (39,200 underlying) - Exercise/Conversion
Common Stock
2010-05-06$3.38/sh+39,200$132,496→ 211,074 total
Footnotes (3)
- [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 39,200 shares were sold through separate trades, with the sale prices ranging from $9.1106 to $9.8519, and at a weighted average sale price of $9.6112. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate purchase price.
- [F3]The Reporting Person exercised 39,200 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.