PAJARES LUIS J 4
4 · AIRVANA INC · Filed Oct 13, 2009
Insider Transaction Report
Form 4
AIRVANA INCAIRV
PAJARES LUIS J
VP, Worldwide Sales & Services
Transactions
- Sale
Common Stock
2009-10-12$6.52/sh−2,000$13,045→ 443 total - Exercise/Conversion
Stock Option (right to buy)
2009-10-12−2,000→ 750,784 totalExercise: $0.86Exp: 2013-06-02→ Common Stock (2,000 underlying) - Exercise/Conversion
Common Stock
2009-10-12$0.86/sh+2,000$1,730→ 2,443 total
Footnotes (4)
- [F1]This exercise was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 7, 2007.
- [F2]This sale was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 7, 2007.
- [F3]Price reported represents the weighted average price of shares sold. Shares were sold at prices in the range of $6.50 - $6.54. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F4]20% percent of the shares underlying this option vested on July 28, 2003 and the remaining 80% of the shares underlying this option vested in 16 equal quarterly installments beginning on October 28, 2004.