Kotek Effi 4
4 · NESS TECHNOLOGIES INC · Filed Jun 30, 2010
Insider Transaction Report
Form 4
NESS TECHNOLOGIES INC(NSTC)
Kotek Effi
President, Ness Israel
Transactions
- Award
Option (right to buy)
2010-06-28+50,000→ 50,000 totalExercise: $4.35Exp: 2017-06-28→ Common Stock, $.01 par value per share (50,000 underlying) - Award
Common Stock, $.01 par value per share
2010-06-28+20,000→ 20,000 total
Footnotes (3)
- [F1]Consists of restricted stock units (''RSUs''), each RSU representing a contingent right to receive one share of the Company's common stock. These RSUs vest as follows: 1/3 will vest on June 28, 2011; an additional 1/3 will vest on June 28, 2012; and the remaining 1/3 will vest on June 28, 2013.
- [F2]Actual exercise price per share is 16.91 Israeli New Shekels, which was exchangeable for approximately $4.35 as of the grant date.
- [F3]These options vest as follows: 1/3 will vest on June 28, 2011; an additional 1/3 will vest on June 28, 2012; and the remaining 1/3 will vest on June 28, 2013.