Maeser Robert K 4
4 · XATA CORP /MN/ · Filed Dec 23, 2008
Insider Transaction Report
Form 4
XATA CORP /MN/XATA
Maeser Robert K
Chief Technology Officer
Transactions
- Disposition to Issuer
Stock Option
[F1][F2]2008-12-19−66,667→ 0 totalExercise: $3.80Exp: 2013-10-01→ Common stock, $0.01 par value (66,667 underlying) - Award
Stock Option
[F1][F2]2008-12-19+66,667→ 66,667 totalExercise: $3.80Exp: 2018-10-01→ Common stock, $0.01 par value (66,667 underlying)
Footnotes (2)
- [F1]The reported transactions involve the amendment of outstanding employee stock options to extend the expiration date of each by five years, resulting in the deemed cancellation of each "old" option and the deemed grant of a "replacement" option for each. No other terms of the option award were amended.
- [F2]Stock option award pursuant to 2007 Long-term Incentive Plan. Shares under this award become exercisable as follows: 22,223 shares on October 1, 2009, 22,222 shares on October 1, 2010, and 22,222 shares on October 1, 2011.
Signature
Mark E. Ties, Attorny-in-Fact|2008-12-23