VERILINK CORP 4
4 · VERILINK CORP · Filed Oct 30, 2003
Insider Transaction Report
Form 4
VERILINK CORPVRLK
WESTBROOK S TODD
Executive Vice President
Transactions
- Sale
Common Stock
2003-10-28$5.70/sh−4,000$22,813→ 0 total - Sale
Common Stock
2003-10-29$5.57/sh−9,000$50,087→ 0 total - Exercise/Conversion
Common Stock
2003-10-28$0.23/sh+4,000$920→ 4,000 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2003-10-29$5.57/sh−9,000$50,087→ 35,000 totalExercise: $0.23From: 2003-10-29Exp: 2012-06-26→ Common Stock (9,000 underlying) - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2003-10-28$5.70/sh−4,000$22,813→ 46,000 totalExercise: $0.23From: 2003-10-28Exp: 2012-06-26→ Common Stock (4,000 underlying) - Sale
Common Stock
2003-10-28$5.61/sh−2,000$11,220→ 0 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2003-10-28$5.61/sh−2,000$11,220→ 44,000 totalExercise: $0.23From: 2003-10-28Exp: 2012-06-26→ Common Stock (2,000 underlying) - Exercise/Conversion
Common Stock
2003-10-28$0.23/sh+2,000$460→ 2,000 total - Exercise/Conversion
Common Stock
2003-10-29$0.23/sh+9,000$2,070→ 9,000 total
Holdings
- 100,000
Non-Qualified Stock Option (right to buy)
Exercise: $2.38From: 2000-12-07Exp: 2010-12-07→ Common Stock (100,000 underlying) - 25,000
Non-Qualified Stock Option (right to buy)
Exercise: $3.72Exp: 2013-08-25→ Common Stock (25,000 underlying)
Footnotes (3)
- [F1]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.
- [F2]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.
- [F3]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.