EVOLVING SYSTEMS INC 4
4 · EVOLVING SYSTEMS INC · Filed May 18, 2005
Insider Transaction Report
Form 4
REIDY BRENDAN F
Director
Transactions
- Award
Non-Qualified Stock Option (Right to Buy)
2005-05-16+10,000→ 10,000 totalExercise: $1.95Exp: 2015-05-15→ Common Stock (10,000 underlying)
Holdings
- 11,000
Common Stock
Footnotes (2)
- [F1]100% of the options vest in four quarterly installments beginning August 16, 2005.
- [F2]Mr. Reidy received stock options pursuant to the compensation arrangement approved by the Board of Directors for non-employee Directors (See Proxy Statement filed by the company for a description of Board compensation). Non-employee Board members who have served on the Company's Board of Directors for at least one year currently receive options for 10,000 common shares of the Company on an annual basis, following the annual meeting of Stockholders. The options were granted without payment of consideration.