Nelson Barbara Mary 4
4 · IPASS INC · Filed Feb 23, 2011
Insider Transaction Report
Form 4
IPASS INCIPAS
Nelson Barbara Mary
Vice President and CTO
Transactions
- Award
Common Stock
2011-02-21+30,000→ 111,687 total - Award
Employee Stock Option (Right to Buy)
2011-02-21+50,000→ 50,000 totalExercise: $1.53Exp: 2021-02-21→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]Award fully vests on February 21, 2015. Award is subject to accelerated vesting as follows: 20% of the shares shall vest two days after the Company has released to the public that the Company has had 150,000 or more average monthly Open Mobile ("OM") users in a calendar quarter, 20% of the shares shall vest two days after the Company has announced 300,000 or more average monthly OM users in a calendar quarter, 20% of the shares shall vest two days after the Company has announced 450,000 or more average monthly OM users in a calendar quarter, 20% of the shares shall vest two days after the Company has announced 600,000 or more average monthly OM users in a calendar quarter and 20% of the shares shall vest two days after the Company has announced 750,000 or more average monthly OM users in a calendar quarter.
- [F2]25% of the shares vest on February 21, 2012, with the remaining shares vesting in 36 equal monthly installments thereafter.