Mertens Herbert H 4
4 · ENDOLOGIX INC /DE/ · Filed Feb 25, 2005
Insider Transaction Report
Form 4
Mertens Herbert H
Vice President of Sales/Mktg
Transactions
- Purchase
Stock Appreciation Right
2005-02-07$3.43/sh+70,000$240,100→ 70,000 totalExercise: $3.43→ Common Stock (70,000 underlying)
Footnotes (2)
- [F1]One-third of the Performance Units representing the stock appreciation rights (the "Performance Units") shall vest on February 7, 2006, with the remainder vesting in 8 equal quarterly installments thereafter for each full three month period of Mr. Mertens' employment with the Company. No Performance Units may be exercised by Mr. Mertens until August 7, 2006.
- [F2]The right to exercise any Performance Units will expire upon termination of Mr. Mertens'employment with the Company.