MYERS DAVID CHARLES 4
4 · SCIENTIFIC LEARNING CORP · Filed May 24, 2011
Insider Transaction Report
Form 4
MYERS DAVID CHARLES
SVP, Sales & Services
Transactions
- Award
Common Stock
2011-05-20+2,500→ 5,581 total - Disposition to Issuer
Restricted Stock Unit
2011-05-20−2,500→ 7,500 total→ Common Stock (2,500 underlying) - Tax Payment
Common Stock
2011-05-20$3.27/sh−750$2,453→ 14,766 total
Footnotes (4)
- [F1]Issued on vesting of restricted stock units issued under the Issuer's 1999 Equity Incentive Plan.
- [F2]Issued under the Issuer's 1999 Equity Incentive Plan. These restricted stock units vest over four years and upon vesting are settled for Common Stock on a one-for-one basis.
- [F3]The price stated above is the closing price of the Company's stock on the vesting date, which is used to calculate the number of shares withheld by the Company for taxes.
- [F4]Includes shares issued under Issuer's Employee Stock Purchase Plan: 7,829 shares issued on 6/1/2010 and 2,106 shares issued on 12/1/2010.