Thode John 4
4 · TESSERA TECHNOLOGIES INC · Filed Feb 11, 2013
Insider Transaction Report
Form 4
Thode John
President, DOC
Transactions
- Award
Stock Option (Right to Buy)
2013-02-07+150,000→ 150,000 totalExercise: $17.55Exp: 2023-02-06→ Common Stock (150,000 underlying) - Award
Common Stock
2013-02-07+90,000→ 90,000 total
Footnotes (2)
- [F1]Restricted stock units. The Reporting Person is entitled to receive one (1) share of common stock for each one (1) restricted stock unit that vests in accordance with its terms. 30,000 units will vest over four years in substantially equal annual portions on each anniversary of the date of grant, such that all 30,000 units will be vested on February 7, 2017. 60,000 units will vest on the date of completion of a spin-off by Tessera Technologies, Inc. of a business segment, deemed by the Board of Directors of Tessera Technologies, Inc. to be in the best interests of stockholders, by means of a dividend or distribution to stockholders of the entire equity interest in such business segment, provided that such spin-off occurs by March 31, 2015 and provided that the Reporting Person continues to be a service provider as of the vesting date.
- [F2]The option is exercisable as it vests: 1/4th of the option shares vest and become exercisable on February 7, 2014. Thereafter, 1/36th of the remaining option shares shall vest and become exercisable cumulatively each month of the following 36 months, so that the entire number of option shares will become fully vested and exercisable on February 7, 2017.