ENTROPIC COMMUNICATIONS INC 4
4 · ENTROPIC COMMUNICATIONS INC · Filed Feb 8, 2011
Insider Transaction Report
Form 4
BRADFORD WILLIAM R
SVP, Worldwide Sales
Transactions
- Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2011-02-07−7,291→ 233,336 totalExercise: $2.61Exp: 2019-10-06→ Common Stock (7,291 underlying) - Exercise/Conversion
Common Stock
2011-02-07$2.61/sh+7,291$19,030→ 12,291 total - Sale
Common Stock
2011-02-07$10.88/sh−7,291$79,314→ 5,000 total
Footnotes (3)
- [F1]The sales reported in the Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 24, 2010.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.7555 to $11.01 per share. The reporting person undertakes to provide to Entropic Communications (the Company), any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set fort in this footnote.
- [F3]1/4th of the shares vest one year after the Vesting Commencement Date beginning October 6, 2009. 1/48th of the shares vest monthly thereafter over the next three years. Additionally, grant is subject to accelerated vesting on the terms and conditions set forth in such individual's Change of Control Agreement.