Clark Michael 4
4 · AIRVANA INC · Filed Apr 13, 2010
Insider Transaction Report
Form 4
AIRVANA INCAIRV
Clark Michael
VP, Worldwide Sales & Services
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2010-04-09$1.66/sh−200,000$332,000→ 0 totalExercise: $5.99Exp: 2019-07-27→ Common Stock (200,000 underlying)
Footnotes (1)
- [F1]This stock option, which provided for vesting as to 25% of the shares subject to this option vest on July 28, 2010 and an additional 6.25% of the shares to vest at the end of 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 $332,000 representing the difference between the exercise prices of the option and the market value of the underlying common stock on the effective date of the merger ($7.65 per share).