Wilkas Thomas P 4
4 · BORLAND SOFTWARE CORP · Filed Apr 1, 2009
Insider Transaction Report
Form 4
Wilkas Thomas P
Chief Financial Officer
Transactions
- Award
Stock Option (Right to Buy Common Stock)
2009-03-31+250,000→ 250,000 totalExercise: $0.46From: 2010-03-16Exp: 2019-03-31→ Common Stock (250,000 underlying) - Award
Common Stock
2009-03-31+100,000→ 100,000 total
Footnotes (2)
- [F1]The restricted stock award shall vest over two years, subject to Mr. Wilkas' continued employment, with respect to 50% of the shares on March 16, 2010 and 1/8th of the shares vesting quarterly thereafter; provided, however, that all unvested shares shall fully vest in the event of an involuntary or constructive termination of employment within the period beginning 2 months before and ending 12 months following the consummation of a change in control of Borland.
- [F2]The option shall vest over 4 years, subject to Mr. Wilkas' continued employment, with respect to 25% of the shares on March 16, 2010 and 1/48th of the shares vesting each month thereafter; provided, however, that all unvested shares shall fully vest in the event of an involuntary or constructive termination of employment within the period beginning 2 months before and ending 12 months following a change in control of Borland.