NICASTRO MICHAEL D 4

4 · OPEN SOLUTIONS INC · Filed Jan 3, 2007

Form 4

Period: 2007-01-03

SVP, Marketing & Product Mgmt

Transactions

Exercise/Conversion
Stock Option (right to buy)
2007-01-03−1,000→ 10,335 total
Exercise: $2.89Exp: 2013-05-06→ Common Stock (1,000 underlying)
Exercise/Conversion
Stock Option (right to buy)
2007-01-03−350→ 789 total
Exercise: $7.25Exp: 2011-01-25→ Common Stock (350 underlying)
Sale
Common Stock
2007-01-03$37.63/sh−1,000$37,630→ 0 total
Sale
Common Stock
2007-01-03$37.62/sh−1,850$69,597→ 5,580 total
Exercise/Conversion
Common Stock
2007-01-03$23.30/sh+500$11,650→ 0 total
Exercise/Conversion
Common Stock
2007-01-03$7.25/sh+350$2,538→ 0 total
Exercise/Conversion
Stock Option (right to buy)
2007-01-03−500→ 31,650 total
Exercise: $23.30Exp: 2015-02-14→ Common Stock (500 underlying)
Exercise/Conversion
Common Stock
2007-01-03$2.89/sh+1,000$2,890→ 0 total

Footnotes (5)

[F1]The reported sale was effected by a broker transaction pursuant to instructions set forth in a Rule 10b5-1 trading plan adopted by the reporting person.
[F2]This option is fully vested.
[F3]This option was granted on 5/6/03 for 34,482 shares of common stock. 25% of the shares vested on 5/6/04 and the remaining shares vest in equal monthly installments thereafter until 5/6/07.
[F4]This option was granted on 1/31/04 for 50,000 shares of common stock. 25% of the shares vested on 1/31/05 and the remaining shares vest in equal monthly installments thereafter until 1/31/08.
[F5]This option was granted on 2/14/05 for 36,650 shares of common stock. 25% of the shares vested on 2/14/06 and the remaining shares vest in equal monthly installments thereafter until 2/14/09.

Documents

1 file