ROSS BRUCE E 4
4 · SPECTRANETICS CORP · Filed Apr 28, 2004
Insider Transaction Report
Form 4
ROSS BRUCE E
EVP
Transactions
- Award
SPNC Stock Options
2003-02-24$2.63/sh+75,000$197,250→ 75,000 totalExercise: $2.63→ SPNC Stock Options (75,000 underlying) - Award
SPNC Stock Options
2003-02-24$2.63/sh+50,000$131,500→ 50,000 totalExercise: $2.63→ SPNC Stock Options (50,000 underlying)
Footnotes (3)
- [F1]Options are performanced based with an $8 market value trigger. If the market value trigger is achieved during the standard vesting period of four years, they vest over the standard four year vesting period which is = 25% vested on 2/24/2004, 6.25% for each calendar quarter thereafter. If the market value trigger is achieved after the standard four year vesting period, they vest in full upon the achievement of the market value trigger. If the market value trigger is not achieved, the options become fully vested nine years and six months following the option grant date.
- [F2]Options expire at the end of 10 years, or on 2/24/2013
- [F3]Options are performanced based with an $10 market value trigger. If the market value trigger is achieved during the standard vesting period of four years, they vest over the standard four year vesting period which is = 25% vested on 2/24/2004, 6.25% for each calendar quarter thereafter. If the market value trigger is achieved after the standard four year vesting period, they vest in full upon the achievement of the market value trigger. If the market value trigger is not achieved, the options become fully vested nine years and six months following the option grant date.