CRONIN MICHAEL 4
4 · SPECTRALINK CORP · Filed Feb 10, 2004
Insider Transaction Report
Form 4
SPECTRALINK CORPSLNK
CRONIN MICHAEL
Vice President of Sales & Mktg
Transactions
- Award
Incentive Stock Option (Right to Buy)
2004-02-06+7,749→ 7,749 totalExercise: $18.39From: 2007-01-06Exp: 2014-02-06→ Common Stock (7,749 underlying) - Sale
Common Stock
2004-02-06$18.40/sh−3,680$67,712→ 22,798 total - Award
Non-Qualified Stock Option (Right to Buy)
2004-02-06+77,251→ 77,251 totalExercise: $18.39From: 2005-02-06Exp: 2014-02-06→ Common Stock (77,251 underlying) - Sale
Common Stock
2004-02-06$18.50/sh−3,000$55,500→ 26,478 total
Footnotes (2)
- [F1]Date exercisable reflects first date on which any options become exercisable. Unless otherwise limited by rules governing incentive stock options, options granted become exercisable at a rate of 25% after 12 months from the date of grant and ratably per month thereafter, conditioned upon continued employment. Full vesting occurs 48 months from the date of grant.
- [F2]Due to the limitations imposed under rules governing incentive stock options, initial vesting of this option will commence January, 2007.