Schwerin Samuel L 4
4 · IPASS INC · Filed Dec 22, 2010
Insider Transaction Report
Form 4
IPASS INCIPAS
Schwerin Samuel L
Director10% Owner
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2010-12-21−30,000→ 0 totalExercise: $1.12From: 2010-12-21Exp: 2020-01-22→ Common Stock (30,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2010-12-21−15,000→ 0 totalExercise: $1.08From: 2010-12-21Exp: 2020-06-08→ Common Stock (15,000 underlying) - Award
Stock Option (Right to Buy)
2010-12-21+120→ 120 totalExercise: $1.17From: 2010-12-21Exp: 2020-06-08→ Common Stock (120 underlying) - Award
Stock Option (Right to Buy)
2010-12-21+15,000→ 15,000 totalExercise: $1.02From: 2010-12-21Exp: 2020-06-08→ Common Stock (15,000 underlying) - Award
Stock Option (Right to Buy)
2010-12-21+30,000→ 30,000 totalExercise: $1.06From: 2010-12-21Exp: 2020-01-22→ Common Stock (30,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2010-12-21−15,000→ 0 totalExercise: $1.08From: 2010-12-21Exp: 2020-06-08→ Common Stock (15,000 underlying) - Award
Stock Option (Right to Buy)
2010-12-21+240→ 240 totalExercise: $1.17From: 2010-12-21Exp: 2020-01-22→ Common Stock (240 underlying) - Award
Stock Option (Right to Buy)
2010-12-21+15,000→ 15,000 totalExercise: $1.02From: 2010-12-21Exp: 2020-06-08→ Common Stock (15,000 underlying) - Award
Stock Option (Right to Buy)
2010-12-21+120→ 120 totalExercise: $1.17From: 2010-12-21Exp: 2020-06-08→ Common Stock (120 underlying)
Footnotes (2)
- [F1]The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The amendemnt of the option was made in connection with a $0.07/share special dividend payable to stockholders of record as of November 18, 2010. The replacement option has the same vesting schedule as the "old" option.
- [F2]The grant was made in connection with a $0.07/share special dividend payable to stockholders of record as of Novermber 18, 2010. The shares were granted with the same vesting schedule as the corresponding replacement option grant.