Fleck Joyce A 4

4 · NAVARRE CORP /MN/ · Filed Nov 4, 2010

Form 4

Period: 2010-11-03

President Navarre Distribution

Transactions

Exercise/Conversion
Restricted Stock Unit
2010-11-03−3,750→ 7,500 total
Exercise: $0.00→ Common Stock (3,750 underlying)
Award
Restricted Stock Unit
2010-11-04+20,000→ 20,000 total
Exercise: $0.00→ Common Stock (20,000 underlying)
Award
Stock Option (right to buy)
2010-11-04+60,000→ 60,000 total
Exercise: $2.12From: 2011-11-04Exp: 2020-11-03→ Common Stock (60,000 underlying)
Exercise/Conversion
Common Stock
2010-11-03+3,750→ 9,500 total
Tax Payment
Common Stock
2010-11-03$2.35/sh−1,227$2,883→ 8,273 total

Holdings

Footnotes (5)

[F1]Vesting of Restricted Stock Units granted pursuant to the terms of the Company's Amended and Restated 2004 Stock Plan on November 3, 2009.
[F2]Surrender to the Company of shares to cover the minimum statutory tax withholding obligations occasioned by the vesting of Restricted Stock Units.
[F3]Restricted Stock Units granted pursuant to the terms of the Company's Amended and Restated 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.
[F4]The Restricted Stock Units will vest in three equal annual installments beginning one year from the date of grant.
[F5]Employee Nonqualified Stock Option granted pursuant to the Company's Amended and Restated 2004 Stock Plan and representing a right to buy the designated number of shares of Company common stock exerciseable in three equal annual installments beginning on the date indicated.

Documents

1 file