Morrell Calvin 4
4 · NAVARRE CORP /MN/ · Filed Nov 3, 2009
Insider Transaction Report
Form 4
Morrell Calvin
President Encore Software
Transactions
- Award
Restricted Stock Unit
2009-11-03+11,250→ 11,250 totalExercise: $0.00→ Common Stock (11,250 underlying) - Award
Stock Option (right to buy)
2009-11-03+22,500→ 22,500 totalExercise: $2.08From: 2010-11-03Exp: 2019-11-02→ Common Stock (22,500 underlying)
Footnotes (3)
- [F1]Restricted Stock Units granted pursuant to the terms of the Company's 2004 Stock Plan and conditioned upon employment with the Company. Each Restricted Stock Unit represents a contingent right to receive one share of the Company's common stock once vested.
- [F2]The Restricted Stock Units will vest in three annual installments of 3,750 shares each on November 3, 2010, 2011 and 2012.
- [F3]Employee Nonqualified Stock Options granted pursuant to the Company's 2004 Stock Plan and representing a right to buy the designated number of shares of Company common stock exerciseable in three equal annual installments beginnng on the date indicated.