MATTISON WILLIAM C JR 4
4 · POSSIS MEDICAL INC · Filed Jan 17, 2006
Insider Transaction Report
Form 4
MATTISON WILLIAM C JR
Director
Transactions
- Award
stock option - right to buy
2006-01-03$10.02/sh+4,000$40,080→ 4,000 totalExercise: $10.02From: 2007-01-03Exp: 2016-01-03→ common stock (4,000 underlying) - Award
stock option - right to buy
2006-01-03$5.01/sh+4,291$21,498→ 4,291 totalExercise: $5.01From: 2006-07-03Exp: 2016-01-03→ common stock (4,291 underlying) - Award
common stock
2006-01-03+599→ 46,061 total
Footnotes (3)
- [F1]Reporting person also owns 88,000 shares indirectly through an individual retirement account and a family trust.
- [F2]Of the total option grant, 50% of the grant vests on 7/3/2006 and 50% vests on 1/3/2007.
- [F3]This option grant provides for accelerated vesting in the event that specified price targets are met and maintained for five consecutive business days. The accelerated vesting schedule provides that 33% of the total grant shall vest in the event the stock price appreciates 20% to $12.01; an additioanl 33% of the total grant shall vest in the event the stock price appreciates 40% to $14.03; and the final 33% of the total grant shall vest in the event the stock price appreciates 60% to $16.03.