Zukerman Michael J 4
4 · CRITICAL PATH INC · Filed Jul 14, 2006
Insider Transaction Report
Form 4
CRITICAL PATH INCCPTH.OB
Zukerman Michael J
EVP and GC
Transactions
- Disposition to Issuer
Employee Stock Option (right-to-buy
2006-06-28−75,000→ 0 totalExercise: $1.56Exp: 2011-01-08→ Common Stock (75,000 underlying) - Disposition to Issuer
Employee Stock Option (right-to-buy
2006-06-28−22,266→ 0 totalExercise: $1.44Exp: 2011-07-30→ Common Stock (22,266 underlying) - Award
Employee Stock Option (right-to-buy
2006-06-29+192,672→ 192,672 totalExercise: $0.20Exp: 2013-06-28→ Common Stock (192,672 underlying) - Disposition to Issuer
Employee Stock Option (right-to-buy
2006-06-28−12,500→ 0 totalExercise: $3.52Exp: 2012-07-30→ Common Stock (12,500 underlying) - Disposition to Issuer
Employee Stock Option (right-to-buy
2006-06-28−37,500→ 0 totalExercise: $3.48Exp: 2011-10-22→ Common Stock (37,500 underlying) - Disposition to Issuer
Employee Stock Option (right-to-buy
2006-06-28−50,812→ 0 totalExercise: $4.52Exp: 2011-11-08→ Common Stock (50,812 underlying) - Disposition to Issuer
Employee Stock Option (right-to-buy
2006-06-28−20,000→ 0 totalExercise: $0.65Exp: 2014-11-04→ Common Stock (20,000 underlying)
Footnotes (3)
- [F1]On December 27, 2005, the issuer accelerated the vesting of all outstanding options; therefore, these options, which were outstanding prior to that date, were fully vested.
- [F2]On June 28, 2006 the reporting person agreed to cancellation of this option grant in exchange for a new option with a lower exercise price.
- [F3]This option was granted in exchange for the options that were cancelled as described in the above footnotes. This option has a 4 year monthly vest schedule, subject to 50% immediate acceleration, which results in full vesting in 2 years from the date of grant. These options are also subject to acceleration upon the occurrence of certain conditions in accordance with an employment agreement.