ROTHERHAM THOMAS G 4
4 · PEERLESS SYSTEMS CORP · Filed Jun 29, 2006
Insider Transaction Report
Form 4
ROTHERHAM THOMAS G
Director
Transactions
- Award
STOCK OPTION (RIGHT TO BUY)
2006-06-29+10,000→ 10,000 totalExercise: $4.59Exp: 2016-06-29→ COMMON STOCK (10,000 underlying)
Footnotes (1)
- [F1]TWENTY-FIVE PERCENT (25%) OF THE SHARES SUBJECT TO SUCH OPTION SHALL VEST AND BECOME EXERCISABLE ON JUNE 29, 2007 (THE COMPLETION OF ONE YEAR OF SERVICE MEASURED FROM THE GRANT DATE). THE BALANCE OF THE SHARES SUBJECT TO SUCH OPTION SHALL VEST AND BECOME EXERCISABLE IN A SERIES OF THIRTY-SIX (36) SUCCESSIVE EQUAL MONTHLY INSTALLMENTS UPON COMPLETION OF EACH ADDITIONAL MONTH OF SERVICE UNTIL ALL OF THE OPTIONS ARE VESTED.