Gosal Sarabjit 4
4 · VERILINK CORP · Filed Feb 22, 2005
Insider Transaction Report
Form 4
VERILINK CORPVRLK
Gosal Sarabjit
Vice President Marketing
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2005-02-17+25,000→ 25,000 totalExercise: $3.06From: 2005-02-17Exp: 2015-02-17→ Common Stock (25,000 underlying)
Holdings
- 25,000
Non-Qualified Stock Option (right to buy)
Exercise: $3.02From: 2004-08-26Exp: 2014-08-26→ Common Stock (25,000 underlying) - 100,000
Non-Qualified Stock Option (right to buy)
Exercise: $4.10From: 2004-04-19Exp: 2014-05-03→ Common Stock (100,000 underlying) - 8,500
Non-Qualified Stock Option (right to buy)
Exercise: $1.15From: 2004-10-11Exp: 2009-10-11→ Common Stock (8,500 underlying)
Footnotes (4)
- [F1]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.
- [F2]Shares are immediately exercisable; however, shares purchased prior to vesting are subject to repurchase pursuant to the following vesting schedule: shares vest 1/12th per month and will be fully vested on the first anniversary.
- [F3]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.
- [F4]Shares are exerciseable as follows: 25% of the shares will be exerciseable one year from the date shown (hire 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.