Yeaton Timothy B. 4
4 · ACTUATE CORP · Filed May 26, 2011
Insider Transaction Report
Form 4
ACTUATE CORPACTU
Yeaton Timothy B.
Director
Transactions
- Award
Common Stock
2011-05-25+8,000→ 20,500 total - Award
Option (right to buy)
2011-05-25+16,000→ 41,000 totalExercise: $5.47From: 2012-05-25Exp: 2021-05-25→ Common Stock (16,000 underlying)
Footnotes (3)
- [F1]Represents shares of the Issuer's common stock underlying restricted stock units ("RSUs") awarded to the Reporting Person. The RSUs will vest in full upon the Reporting Person's continuation in Board service with the Issuer through May 25, 2012, subject to accelerated vesting upon certain changes in ownership or control of the Issuer.
- [F2]Unless the Reporting Person elects to defer the issuance of the shares until the Reporting Person's separation from service from the Issuer, the shares of the Issuer's common stock will be issued as the RSUs vest.
- [F3]Includes 8,000 shares of the Issuer's common stock underlying the RSU award reported on this Form 4 and 12,500 shares of the Issuer's common stock underlying RSUs previously awarded.