Myers David Andrew 4
4 · SCIENTIFIC LEARNING CORP · Filed May 22, 2012
Insider Transaction Report
Form 4
Myers David Andrew
Chief Executive Officer
Transactions
- Award
Common Stock
2012-05-21+18,750→ 140,008 total - Disposition to Issuer
Restricted Stock Unit
2012-05-21−18,750→ 75,000 total→ Common Stock (18,750 underlying) - Tax Payment
Common Stock
2012-05-21$1.42/sh−9,766$13,868→ 130,242 total
Footnotes (3)
- [F1]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.
- [F2]Issued on vesting of restricted stock units issued under the Issuer's 1999 Equity Incentive Plan.
- [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.