PRA International 4
4 · PRA International · Filed May 9, 2007
Insider Transaction Report
Form 4
BIEKER TERRANCE J
DirectorInterim CEO
Transactions
- Award
Employee Stock Option (right to buy)
2007-05-07+500,000→ 500,000 totalExercise: $23.20Exp: 2014-05-07→ Common stock (500,000 underlying)
Footnotes (2)
- [F1]300,000 shares of the option are exercisable as to 25% on each of May 7, 2008, May 7, 2009, May 7, 2010, and May 7, 2011.
- [F2]200,000 shares of the option become exercisable, if at all, in four 50,000-share increments if the daily closing price of PRAI's common stock on the Nasdaq Stock Market during any 30 consecutive trading day period is $32, $40, $50 and $60, respectively.