Polanco Raymond 4
4 · LYRIS, INC. · Filed Jan 21, 2010
Insider Transaction Report
Form 4
LYRIS, INC.LYRI.OB
Polanco Raymond
VP of Client Services
Transactions
- Award
Employee Stock Option (right to buy)
2010-01-19+439,500→ 550,000 totalExercise: $0.50Exp: 2020-01-19→ Common Stock (493,500 underlying)
Footnotes (1)
- [F1]Option vests and becomes exercisable in cumulative installments as follows: (i) the Option shall become exercisable with respect to twenty five percent (25%) of the Option shares on 1/19/2011, which is the first anniversary of the Grant Date; and (ii) the option shall be exercisable with respect to the remaining seventy five percent (75%) in equal quarterly installments on the last day of each calendar quarter, provided that the fourth anniversary of the Grant Date shall be deemed to be the last day of the calendar quarter for vesting purposes