GOLDEN TELECOM INC 4
4 · GOLDEN TELECOM INC · Filed Jul 2, 2007
Insider Transaction Report
Form 4
Svetlichny Boris
Sr. VP, CFO and Treasurer
Transactions
- Award
Options to purchase Common Stock
2007-06-28+30,000→ 30,000 totalExercise: $53.80Exp: 2012-06-28→ Common Stock (30,000 underlying)
Footnotes (2)
- [F1]Reflects the grant of stock options with respect to 30,000 shares of Common Stock, par value $.01 per share. Seventy-five percent of the stock option grant (22,500 shares) is subject to time vesting, one-third (7,500 shares) of which shall become vested and nonforfeitable on each of the first three anniversary dates from June 28, 2007, provided Mr. Svetlichny remains continuously employed by Golden Telecom, Inc. or one of its subsidiaries or business units until each such relevant date. The exercise price shall increase by five percent on each anniversary date after June 28, 2007 in association with the stock options that shall be and become vested and nonforfeitable on each such anniversary date. Twenty-five percent of the stock options granted (7,500 shares) are subject to performance vesting upon the Company's Common Stock achieving an average trading price of at least $82.15 per share for thirty days.
- [F2]If the Company's Common Stock does not achieve an average closing trading price of at least $82.15 per share for thirty days within three years of the date of grant, such portion of the stock options granted subject to performance vesting shall expire by its terms and shall not be exercisable.