Boucher J. 4
4 · ModusLink Global Solutions Inc · Filed Mar 14, 2013
Insider Transaction Report
Form 4
Boucher J.
President and CEO
Transactions
- Award
Common Stock
2013-03-12+50,000→ 50,000 total - Award
Stock Option (right to buy)
2013-03-12+483,122→ 483,122 totalExercise: $3.38From: 2014-03-12Exp: 2020-03-12→ Common Stock (483,122 underlying) - Award
Stock Option (right to buy)
2013-03-12+356,455→ 356,455 totalExercise: $3.38From: 2014-03-12Exp: 2020-03-12→ Common Stock (356,455 underlying)
Footnotes (3)
- [F1]Shares acquired are shares of restricted stock granted pursuant to the Company's 2010 Incentive Award Plan. Restrictions lapse on the third anniversary of the date of grant.
- [F2]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.
- [F3]Option vests and becomes exercisable as to 20% on the first, second, third, fourth and fifth anniversaries of the date of grant, subject to a minimum average share price being achieved on each vesting date, which shall be $5.07, $6.76, $8.45, $10.14 and $11.83, respectively. If the specified minimum average share price for the applicable anniversary date is not achieved, the 20% of the number of shares thereunder shall not vest and become exercisable but may vest on a subsequent anniversary date if the minimum average share price related to the earlier anniversary date is achieved or exceeded on a subsequent anniversary date.