Weigel Randall J 4
4 · 3PAR Inc. · Filed May 14, 2010
Insider Transaction Report
Form 4
3PAR Inc.PAR
Weigel Randall J
VP, Worldwide Sales
Transactions
- Award
Restricted Stock Unit
2010-05-12+15,000→ 15,000 totalExercise: $0.00→ Common Stock (15,000 underlying) - Award
Stock Option (Right to Buy)
2010-05-12+30,000→ 30,000 totalExercise: $9.89From: 2011-05-12Exp: 2020-05-12→ Common Stock (30,000 underlying)
Footnotes (3)
- [F1]Represents par value of PAR common stock.
- [F2]25% of the restricted stock unit will vest on May 12, 2011 and shares will be distributed to reporting person on that date. The restricted stock unit will continue to vest as to 25% of the restricted stock unit annually thereafter, and shares will be distributed to the reporting person on each vest date.
- [F3]Represents an option in which 1/4th of the shares subject to the option shall become vested and exercisable one year after the date of grant and an additional 1/4th of the shares subject to the option shall vest each year thereafter on the anniversary of the date of grant.