Veraz Networks, Inc. 4
4 · Veraz Networks, Inc. · Filed Dec 3, 2007
Insider Transaction Report
Form 4
WEST W MICHAEL
Director
Transactions
- Award
Restricted Stock Unit Award
2007-11-29+10,000→ 10,000 totalExercise: $4.85Exp: 2017-11-29→ Common Stock (10,000 underlying) - Award
Option to Purchase Common Stock
2007-11-29+15,000→ 15,000 totalExercise: $4.85Exp: 2017-11-29→ Common Stock (15,000 underlying)
Footnotes (2)
- [F1]1/4 of the shares shall vest upon Mr. West's completion of one year of continuous service measured from the date of grant, and the balance of the option shares shall vest in a series of 36 successive equal monthly installments during Mr. West's completion of each additional month of continuous service over the three-year period measured from the first anniversary of the date of grant.
- [F2]1/4th of the shares underlying such restricted stock unit award shall vest in annual installments over a period of four years.