CATHERALL ALAN B 4
4 · NUMEREX CORP /PA/ · Filed Aug 27, 2009
Insider Transaction Report
Form 4
CATHERALL ALAN B
EVP & Chief Financial Officer
Transactions
- Award
Stock Option (Right to Buy)
2009-07-30+25,000→ 25,000 totalExercise: $5.50From: 2013-07-30Exp: 2019-07-30→ Common Stock (25,000 underlying)
Footnotes (1)
- [F1]The option vests equally 25% per year over four years from the grant date. The vested portion of the option becomes exercisable, if at all, if the closing price of our Class A common stock on the Nasdaq Stock Market exceeds certain price thresholds: (i) after July 30, 2010, 25% of the option award is exercisable if the closing price of our stock is $6.60 or greater; (ii) after July 30, 2011, 25% of the option award is exercisable if the closing price of our stock is $7.26 or greater; (iii) after July 30, 2012, 25% of the option award is exercisable if the closing price of our stock is $7.99 or greater; and (iv) after July 30, 2013, 25% of the option award is exercisable if the closing price of our stock is $8.38 or greater. If the price targets are achieved, the vested portion of the grant is exercisable at any time prior to the expiration of the option term.