Myers David Andrew 4
4 · SCIENTIFIC LEARNING CORP · Filed Mar 13, 2012
Insider Transaction Report
Form 4
Myers David Andrew
Chief Executive Officer
Transactions
- Disposition to Issuer
Restricted Stock Unit
2012-03-12−3,334→ 0 total→ Common Stock (3,334 underlying) - Award
Common Stock
2012-03-12+3,334→ 111,100 total - Tax Payment
Common Stock
2012-03-12$1.92/sh−1,402$2,692→ 109,698 total
Footnotes (3)
- [F1]Issued on vesting of restricted stock units issued under the Company's 1999 Equity Incentive Plan.
- [F2]Issued under the Company'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 fair market value of the Company's stock on the vesting date, determined under the applicable Plan, which is used to calculate the number of shares withheld by the Company for taxes.