VINEYARD NATIONAL BANCORP 4
4 · VINEYARD NATIONAL BANCORP · Filed Feb 1, 2007
Insider Transaction Report
Form 4
ALVAREZ FRANK
Director
Transactions
- Award
Common Stock From Restricted Stock Grant
2007-01-30+2,028→ 180,830 total
Holdings
- 50,251
Stock Option to buy common
Exercise: $4.08From: 2002-06-26Exp: 2007-11-12→ Common Stock (50,251 underlying)
Footnotes (2)
- [F1]Shares shall become unrestricted and fully vested upon completion of the three year 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)
- [F2]Total includes 1500 shares of restricted stock which vest in three equal annual installments beginning on 02/06/2007 and was previously reported in Table II. Any future restricted stock grants will be reported in Table I.