PAULSON ERIC H 4
4 · NAVARRE CORP /MN/ · Filed Apr 1, 2010
Insider Transaction Report
Form 4
PAULSON ERIC H
Director
Transactions
- Award
Stock Option (right to buy)
2010-04-01+12,000→ 12,000 totalExercise: $2.04From: 2011-04-01Exp: 2020-03-31→ Common Stock (12,000 underlying) - Sale
Common Stock
2010-04-01$2.00/sh−10,000$20,010→ 1,595,119 total
Footnotes (3)
- [F1]Open market sale pursuant to a 10b5-1 trading plan previously adopted by the Reporting Person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- [F2]This transaction was executed in multiple trades on the same day at actual sales prices ranging from $2.00 to $2.02. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or any security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F3]Director nonqualified stock option covering 12,000 shares of Common Stock granted pursuant to the formula terms contained in the Company's Amended and Restated 2004 Stock Plan, as approved by the shareholders, and exercisable in three annual installments of 4,000 shares each on April 1, 2011, 2012 and 2013.