Nowicki David J 4

4 · AIRVANA INC · Filed Apr 13, 2010

Form 4

Period: 2010-04-09

VP Marketing & Product Mgmt

Transactions

Disposition to Issuer
Stock Option (Right to Buy)
2010-04-09$2.44/sh−50,000$122,000→ 0 total
Exercise: $5.21Exp: 2018-02-03→ Common Stock (50,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2010-04-09$2.32/sh−50,000$116,000→ 0 total
Exercise: $5.33Exp: 2019-02-09→ Common Stock (50,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2010-04-09$1.48/sh−231,169$340,974→ 0 total
Exercise: $6.17Exp: 2016-11-27→ Common Stock (231,169 underlying)

Footnotes (3)

[F1]This option, which provided for vesting as to 20% of the shares of common stock subject to this option on November 6, 2007 and the remaining 80% of the shares to vest in equal quarterly installments over the succeeding four years, was canceled in the merger in exchange for a cash payment of $340,974.27 representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($7.65 per share).
[F2]This option, which provided for vesting as to 25% of the underlying shares on February 4, 2009 and as to an additional 6.25% each three-month period thereafter until the fourth anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $122,000 representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($7.65 per share).
[F3]This option, which provided for vesting as to 25% of the underlying shares on February 10, 2010 and as to an additional 6.25% each three-month period thereafter until the fourth anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $116,000 representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($7.65 per share).

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