Neches Philip M 4
4 · EVOLVING SYSTEMS INC · Filed Aug 23, 2005
Insider Transaction Report
Form 4
Neches Philip M
Director
Transactions
- Award
Non-Qualified Stock Options (Right to Buy)
2005-08-19+30,000→ 30,000 totalExercise: $1.99From: 2005-08-19Exp: 2015-08-19→ Common Stock (30,000 underlying)
Footnotes (2)
- [F1]One-third of the options vest on August 19, 2006; the remaining options vest in eight quarterly installments beginning November 19, 2006.
- [F2]Dr. Neches 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 receive an initial stock option grant for 30,000 common shares upon joining the Board. The options were granted without payment of consideration.