SHACKELFORD DAVID W 4
4 · VERILINK CORP · Filed Aug 30, 2004
Insider Transaction Report
Form 4
VERILINK CORPVRLK
SHACKELFORD DAVID W
VP of Worldwide Sales
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2004-08-26+40,000→ 40,000 totalExercise: $3.02From: 2004-08-26Exp: 2014-08-26→ Common Stock (40,000 underlying)
Holdings
- 175,000
Non-Qualified Stock Option (right to buy)
Exercise: $3.51Exp: 2013-10-01→ Common Stock (175,000 underlying)
Footnotes (2)
- [F1]Shares are immediately exercisable; however, shares purchased prior to vesting are subject to repurchase pursuant to the following vesting schedule: 25% of the shares granted vest on the first anniversary of the date of grant and the remaining shares vest monthly at 1/48th of the total grant until the option is fully vested at the end of the fourth year.
- [F2]Shares are exerciseable as follows: 25% of the shares will be exerciseable one year from the grant date and an additional 1/48th of the shares will be exerciseable each month thereafter until the fourth anniversary of the grant date at which point all shares will be exerciseable.