Robinson Douglas C. 4

4 · Lifevantage Corp · Filed Mar 17, 2011

Form 4

Period: 2011-03-15

Director

Transactions

Award
Stock Option (Right to Buy)
2011-03-15+610,000→ 610,000 total
Exercise: $0.75Exp: 2021-03-14→ Common Stock (610,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2011-03-15−80,000→ 40,000 total
Exercise: $0.80Exp: 2021-01-20→ Common Stock (80,000 underlying)
Award
Stock Option (Right to Buy)
2011-03-15+500,000→ 500,000 total
Exercise: $1.20Exp: 2021-03-14→ Common Stock (500,000 underlying)
Award
Stock Option (Right to Buy)
2011-03-15+500,000→ 500,000 total
Exercise: $1.75Exp: 2021-03-14→ Common Stock (500,000 underlying)

Footnotes (4)

[F1]This option vests on the date of grant with respect to 110,000 shares of common stock and becomes exercisable with respect to 500,000 shares of common stock as of June 30, 2012, only if Mr. Robinson has continuously rendered service to the Company through the applicable vesting date.
[F2]This option fully vests and becomes exercisable as of June 30, 2013 only if Mr. Robinson has continuously rendered service to the Company through the applicable vesting date.
[F3]This option fully vests and becomes exercisable as of June 30, 2014 only if Mr. Robinson has continuously rendered service to the Company through the applicable vesting date.
[F4]In connection with the commencement of his employment as the Company's President and Chief Executive Officer on 3/15/2011, Mr. Robinson agreed to the cancellation and forfeiture of 80,000 unvested shares of common stock underlying the option to purchase 120,000 shares of common stock which was granted to him on 1/20/2011 in his capacity as a non-employee director of the Company.

Documents

1 file