Segall Timothy R 4
4 · SOUNDBITE COMMUNICATIONS INC · Filed Apr 10, 2012
Insider Transaction Report
Form 4
Segall Timothy R
Chief Technology Officer
Transactions
- Award
Incentive Stock Option (right to buy)
2012-04-07+46,550→ 46,550 totalExercise: $2.30Exp: 2022-07-31→ Common Stock (46,550 underlying) - Award
Non-Qualified Stock Option (right to buy)
2012-04-07+3,450→ 3,450 totalExercise: $2.30Exp: 2022-07-31→ Common Stock (3,450 underlying)
Footnotes (2)
- [F1]On August 1, 2011, the reporting person was granted an incentive stock option to purchase 46,550 shares of common stock, conditioned upon the Company's achievement of targeted level of revenue during the second half of 2011. The option vests as follows: (a) 18.75% of the shares covered by such option shall vest as of April 8, 2012 and (b) the balance of such shares shall vest in equal monthly installments on the 8th of each month and end on July 8, 2015. On April 7, 2012, the Chair of the Compensation Committee confirmed that the Company achieved such target, resulting in the vesting of the option as to 5,925 shares on April 8, 2012.
- [F2]On August 1, 2011, the reporting person was granted an incentive stock option to purchase 3,450 shares of common stock, conditioned upon the Company's achievement of targeted level of revenue during the second half of 2011. The option vests as follows: (a) 18.75% of the shares covered by such option shall vest as of April 8, 2012 and (b) the balance of such shares shall vest in equal monthly installments on the 8th of each month and end on July 8, 2015. On April 7, 2012, the Chair of the Compensation Committee confirmed that the Company achieved such target, resulting in the vesting of the option as to 3,450 shares on April 8, 2012.