McLennan William R 4
4 · ModusLink Global Solutions Inc · Filed Oct 4, 2011
Insider Transaction Report
Form 4
McLennan William R
Pres. Global Operations, ML
Transactions
- Tax Payment
Common Stock
2011-10-02$3.49/sh−2,117$7,388→ 108,201.125 total - Award
Stock Option (right to buy)
2011-09-30+78,600→ 78,600 totalExercise: $3.49From: 2012-09-30Exp: 2018-09-30→ Common Stock (78,600 underlying) - Tax Payment
Common Stock
2011-10-01$3.49/sh−3,693$12,889→ 110,318.125 total
Footnotes (4)
- [F1]Payment of tax liability by delivering securities incident to the vesting of shares of restricted stock on October 1, 2011 in accordance with Rule 16b-3 and a pre-existing 10b5-1 Sales Plan established by the reporting person on June 13, 2011.
- [F2]Payment of tax liability by delivering securities incident to the vesting of shares of restricted stock on October 2, 2011 in accordance with Rule 16b-3 and a pre-existing 10b5-1 Sales Plan established by the reporting person on January 4, 2010.
- [F3]Annual option grant approved by the Human Resources and Compensation Committee of the Board of Directors on September 21, 2011 and made on September 30, 2011, the third business day after the release of earnings for the fiscal year ended July 31, 2011.
- [F4]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.