NOVAK RICHARD E 4
4 · BORLAND SOFTWARE CORP · Filed Mar 2, 2009
Insider Transaction Report
Form 4
NOVAK RICHARD E
SVP Worldwide Field Operations
Transactions
- Award
Stock Option (Right to Buy Common Stock)
2009-02-27+75,000→ 275,000 totalExercise: $0.42From: 2010-02-27Exp: 2019-02-27→ Commonn Stock (75,000 underlying)
Footnotes (1)
- [F1]The option shall become exercisable with respect to twenty-five percent (25%)of the option shares on February 27,2010 and 1/48th of the shares vesting each month thereafter; provided however, that all unvested shares shall vest if within two months prior to or within twelve months following a change in control of the Company, Mr. Novak ceases to be the SVP of Worldwide Field Operations of the new successor entity, or if Mr. Novak's employment is terminated by the Company other than for cause or as a result of a constructive termination.