Bogonis Paul C 4

Accession 0001185185-11-001406

CIK 0001277270other

View on SEC.gov Company Profile

Filed

Aug 21, 8:00 PM ET

Accepted

Aug 22, 1:21 PM ET

Size

8.7 KB

Accession

0001185185-11-001406

Insider Transaction Report

Form 4

Period: 2011-07-26

Telanetix,IncTNIX

Bogonis Paul C

Chief Financial Officer

Transactions

Award
Stock Options (Right to buy)
2011-07-26+93,333→ 93,333 total
Exp: 2021-07-26→ Common Stock (93,333 underlying)

Footnotes (6)

[F1](1) 50% of the option shall have an option price of $3.00000 per share ("Tranche 1 Option"); 16.65% of the option shall have an option price of $5.77800 per share ("Tranche 2 Option"); 16.65% of the option shall have an option price of $5.77800 per share ("Tranche 3 Option"); and 16.7% of the option shall have an option price of $5.77800 per share ("Tranche 4 Option").
[F2](2) (a) Tranche 1 Option shall vest 100% of the options upon affiliates of Hale Capital Partners ("Hale") receiving cash proceeds in return on its invested capital (whether such cash derives from interest payments, debt repayment, dividends, distributions, sale of equity or otherwise) in the Company and its subsidiaries which cash proceeds equal no less than one times its invested capital plus a 4% annual return on such invested capital, compounded annually (the "Tranche 1 Return") and subject to the Reporting Person's continued employment in good standing with the Company on such vesting date.
[F3](2) (a) Continued. Notwithstanding the foregoing and the failure of Hale to have achieved the Tranche 1 Return, the Tranche 1 Option shall vest with 10% of the Tranche 1 Option on the first anniversary of the Grant Date and 2.5% of the Tranche 1 Option at the end of each of the next eight quarters thereafter through the third anniversary of the Grant Date (for an aggregate of 30% of the Tranche 1 Options), subject to the Reporting Person's continued employment in good standing with the Company on each such vesting date.
[F4](2) (b) Tranche 2 Option shall vest 100% of the options upon Hale receiving cash proceeds in return on its invested capital (whether such cash derives from interest payments, debt repayment, dividends, distributions, sale of equity or otherwise) in the Company and its subsidiaries which cash proceeds equal no less than two times its invested capital plus a 4% annual return on such invested capital, compounded annually and subject to the Reporting Person's continued employment in good standing with the Company on such vesting date.
[F5](2) (c) Tranche 3 Option shall vest 100% of the options upon Hale receiving cash proceeds in return on its invested capital (whether such cash derives from interest payments, debt repayment, dividends, distributions, sale of equity or otherwise) in the Company and its subsidiaries which cash proceeds equal no less than three times its invested capital plus a 4% annual return on such invested capital, compounded annually and subject to the Reporting Person's continued employment in good standing with the Company on such vesting date.
[F6](2) (d) Tranche 4 Option shall vest 100% of the options upon Hale receiving cash proceeds in return on its invested capital (whether such cash derives from interest payments, debt repayment, dividends, distributions, sale of equity or otherwise) in the Company and its subsidiaries which cash proceeds equal no less than four times its invested capital plus a 4% annual return on such invested capital, compounded annually and subject to the Reporting Person's continued employment in good standing with the Company on such vesting date.

Documents

1 file

4
primary_doc.xmlPrimary
PRIMARY DOCUMENT

Issuer

Telanetix,Inc

CIK 0001277270

→

Entity typeother

Related Parties

filerCIK 0001375727

Filing Metadata

Form type: 4
Filed: Aug 21, 8:00 PM ET
Accepted: Aug 22, 1:21 PM ET
Size: 8.7 KB

View on SEC.gov