VINEYARD NATIONAL BANCORP 4
4 · VINEYARD NATIONAL BANCORP · Filed Aug 1, 2006
Insider Transaction Report
Form 4
ALVAREZ FRANK
Director
Transactions
- Exercise/Conversion
Exercised Stock Option for common
2006-07-31$2.95/sh+20,000$58,960→ 5,126 totalExercise: $2.95Exp: 2007-11-12→ Common Stock (25,126 underlying)
Holdings
- 231,502
Common Stock
- 55,125
Stock Option
Exercise: $4.08From: 2002-06-26Exp: 2007-11-12→ Common Stock (55,125 underlying) - 1,500
Restricted Stock Grant
→ Common Stock (1,500 underlying)
Footnotes (4)
- [F1]options vested in three equal annual installments beginning on January 1, 2003.
- [F2]Shares shall become unrestricted and fully vested upon completion of the vesting schedule. Prior to being fully vested, the "fair market value" can be determined by taking, the average of the highest and lowest market prices of the Common Stock, on any given date(s), as reported on the Nasdaq National Market for such date(s). (section 2.9 of the Plan Document)
- [F3]Restricted Grant vests in three equal annual installments beginning on 02/06/2007.
- [F4]Grants of restricted shares are subject to the terms and conditions set forth in the Restricted Share Plan and Agreement. The Plan itself will terminate on such date as ten years from the date the first Award is granted, except with respect to awards then outstanding. (section 4.1 and 6.1 of the Plan Document)