YANG ANDREW T 4
4 · ANSYS INC · Filed Aug 3, 2011
Insider Transaction Report
Form 4
ANSYS INCANSS
YANG ANDREW T
VP and General Manager
Transactions
- Award
Option To Purchase
2011-08-01+22,222→ 22,222 totalExercise: $22.95Exp: 2021-03-07→ Common Stock (22,222 underlying) - Award
Restricted Stock Unit
2011-08-01+94,464→ 94,464 totalExercise: $0.00→ Common Stock (94,464 underlying)
Footnotes (3)
- [F1]The option grant of 22,222 shares granted on 08/01/2011, as assumed during the acquisition of Apache Design Solutions, Inc., vests 25% on 03/07/2012 and in equal monthly installments beginning on 04/07/2012 and becoming fully vested on 03/07/2015.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, pursuant to the Issuer's Fourth Amneded and Restated 1996 Stock Option and Grant Plan.
- [F3]Restricted stock units vest 33.33% each year beginning 01/01/2012, based on the Issuer's performance requirements over a three-year period, as will be determined at a meeting of the Issuer's compensation committee following December 31 of each of the 3 calendar years beginning with the calendar year starting 01/01/2012.