JENKINS WILLIAM M 4
4 · SCIENTIFIC LEARNING CORP · Filed Nov 23, 2012
Insider Transaction Report
Form 4
JENKINS WILLIAM M
Chief Scientific Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2012-11-20−937→ 2,813 total→ Common Stock (937 underlying) - Exercise/Conversion
Common Stock
2012-11-20+937→ 146,948 total - Tax Payment
Common Stock
2012-11-20$0.53/sh−343$182→ 146,605 total
Footnotes (3)
- [F1]On November 20, 2012, 937 of the reporting person's restricted stock units vested and were settled for an equal number of shares of Scientific Learning Corporation's common stock.
- [F2]The price stated above is the fair market value of the Issuer's common stock on the vesting date, which is used to calculate the number of shares withheld by the Issuer for taxes.
- [F3]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