GIBBS DAVID L 4
4 · PHOENIX TECHNOLOGIES LTD · Filed Nov 20, 2009
Insider Transaction Report
Form 4
GIBBS DAVID L
Sr. VP, WW Field Ops.
Transactions
- Award
Non-Qualified Stock Option (Right to Buy)
2009-11-20+200,000→ 732,128 totalExercise: $2.63Exp: 2019-11-20→ Common Stock (200,000 underlying)
Footnotes (1)
- [F1]50% of the shares subject to the stock option shall vest if the closing price per share of the Issuer's common stock as reported on the NASDAQ Global Market system (the "Closing Price") is equal to or greater than $5.00 for forty-five (45) consecutive trading days; and 50% of the shares subject to the option shall vest if the Closing Price is equal to or greater than $7.00 for forty-five (45) consecutive trading days. The option is not subject to the vesting acceleration provisions contained in any Severance and Change of Control Agreement between the Issuer and the Reporting Person.