Cowan Kendall 4
4 · OPNEXT INC · Filed Jan 8, 2009
Insider Transaction Report
Form 4
OPNEXT INCOPXT
Cowan Kendall
Director
Transactions
- Award
Restricted Stock Units
2009-01-06+16,666→ 16,666 total→ Common Stock (16,666 underlying)
Footnotes (1)
- [F1]The restricted stock units ("RSUs") vest on the one-year anniversary of the date of grant subject to the grantee's continued service with the issuer. The vested RSUs are convertible into shares of common stock on a one-for-one basis upon the earliest to occur of the Reporting Person's separation from service or death or a change of control of the issuer.