VERILINK CORP 4
4 · VERILINK CORP · Filed Oct 1, 2003
Insider Transaction Report
Form 4
VERILINK CORPVRLK
WESTBROOK S TODD
Executive Vice President
Transactions
- Sale
Common Stock
2003-09-29$3.45/sh−3,413$11,784→ 800 total
Holdings
- 25,000
Non-Qualified Stock Option (right to buy)
Exercise: $3.72Exp: 2013-08-25→ Common Stock (25,000 underlying) - 50,000
Non-Qualified Stock Option (right to buy)
Exercise: $0.23From: 2002-06-26Exp: 2012-06-26→ Common Stock (50,000 underlying) - 100,000
Non-Qualified Stock Option (right to buy)
Exercise: $2.38From: 2000-12-07Exp: 2010-12-07→ Common Stock (100,000 underlying)
Footnotes (5)
- [F1]The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 17, 2003.
- [F2]Shares are immediately exercisable; however, they are subject to repurchase pursuant to the following vesting schedule: 1/48th of the shares granted vest monthly until the option is fully vested in four years.
- [F3]Shares are immediately exercisable; however, they are subject to repurchase pursuant to the follwoing vesting schedule: 25% of the shares granted vested on 2/22/01 with an an additional 25% vesting each year thereafter until all shares are 100% vested on 02/22/04.
- [F4]Option vests at the rate of 1/12th of the total shares granted per month beginning in the thirty-seventh month until the option is fully vested in four years.
- [F5]Shares are immediately exercisable; however, they are subject to repurchase pursuant to the following vesting schedule: 25% of the shares granted vest annually on the anniversary date of grant until the option is fully vested.