QUOVADX INC 4
4 · QUOVADX INC · Filed Jun 27, 2005
Insider Transaction Report
Form 4
QUOVADX INCQVDX
HOOVER JAMES B
Director
Transactions
- Award
Stock Option (Right to Buy)
2005-06-23+10,000→ 80,000 totalExercise: $2.82Exp: 2012-06-23→ Common Stock (10,000 underlying) - Award
Common Stock
2005-06-23+15,000→ 69,934 total - Award
Stock Option (Right to Buy)
2005-06-23+5,000→ 85,000 totalExercise: $2.82Exp: 2012-06-23→ Common Stock (5,000 underlying)
Footnotes (4)
- [F1]Subsequent annual award or grant to reporting person of 15,000 shares of restricted stock under the Company's Amended and Restated 1997 Stock Plan (the "1997 Plan"), with such shares vesting at the rate of 25% at the end of each three-month period beginning three months from the award date of June 23, 2005 (i.e., on each of September 23, 2005, December 23, 2005, March 23, 2006 and June 23, 2006), subject to the reporting person's continued service as a director through each vesting date.
- [F2]Automatic annual grant to reporting person of an option to purchase 10,000 shares of Quovadx common stock under the Company's Amended and Restated 1999 Director Option Plan.
- [F3]The shares underlying the option, listed in column 5, shall vest 100% on the earlier of the one-year anniversary of the date of grant or the date of the Company's 2006 annual stockholders meeting.
- [F4]Subsequent annual grant to reporting person of an option to purchase 5,000 shares of Quovadx common stock under the 1997 Plan on account of his service as a director.