JUDSON C James 4
4 · GigOptix, Inc. · Filed Oct 29, 2010
Insider Transaction Report
Form 4
GigOptix, Inc.GGOX
JUDSON C James
Director
Transactions
- Purchase
Stock Option (right to buy)
2010-10-27+25,000→ 25,000 totalExercise: $2.40Exp: 2020-10-27→ Common Stock (25,000 underlying)
Footnotes (1)
- [F1]16,667 shares subject to the option will vest as follows: 4,166 shares subject to the option will vest on October 27, 2011 and 1/36 of the remaining shares subject to the option will vest each month thereafter, (ii) Provided that the Company meets certain financial goals for the first two fiscal quarters of 2011, 8,333 shares subject to the option will vest as to 25% of such shares on July 27, 2011 and 1/39th of the remaining shares subject to the option will vest each month thereafter. In the event that such financial goals are not achieved by the Company, 8,333 of the shares subject to the option will not vest and will be forfeited.