ModusLink Global Solutions Inc 4
4 · ModusLink Global Solutions Inc · Filed Oct 5, 2010
Insider Transaction Report
Form 4
LAWLER JOSEPH C
DirectorChairman, President and CEO
Transactions
- Award
Common Stock
2010-10-01+40,000→ 438,368 total - Award
Common Stock
2010-10-01+36,300→ 438,368 total - Award
Stock Option (right to buy)
2010-10-01+100,000→ 100,000 totalExercise: $6.37From: 2011-10-01Exp: 2017-10-01→ Common Stock (100,000 underlying)
Footnotes (3)
- [F1]Shares of restricted stock awarded pursuant to the ModusLink Global Solutions FY2010 Performance-Based Restricted Stock Bonus Plan as a result of the achievement by ModusLink Global Solutions of the requisite financial performance in fiscal year 2010. Restrictions lapse with respect to 33 1/3% of the shares covered thereby on each of the first three anniversaries of the date of grant, provided the reporting person remains employed by ModusLink Global Solutions or a subsidiary of ModusLink Global Solutions on such anniversary date.
- [F2]Restrictions lapse with respect to 33 1/3% of the shares covered thereby on each of the first three anniversaries of the date of grant, provided the reporting person remains employed by ModusLink Global Solutions or a subsidiary of ModusLink Global Solutions on such anniversary date.
- [F3]Option vests and becomes exercisable as to 25% on the first anniversary of the date of grant and the remainder in 36 equal monthly installments.