Madigan John 4
4 · AVIAT NETWORKS, INC. · Filed Oct 5, 2012
Insider Transaction Report
Form 4
Madigan John
VP, Corp. Controller and PAO
Transactions
- Award
Common Stock
2012-10-03+34,200→ 83,104 total - Award
Employee Stock Option (right to buy
2012-10-03+29,250→ 114,819 totalExercise: $2.28Exp: 2019-10-03→ Common Stock (29,250 underlying)
Footnotes (2)
- [F1]Performance shares, which are subject to vesting. Vesting requires both (a) continuing employment with the Corporation through the end of the Corporation's fiscal year 2013 (approximately June 29, 2013), and (b) achievement of at least the minimum performance result for the one-year period set forth in the Specific Terms and Conditions. Unvested performance shares are subject to repurchase by the Corporation at $0.01 per share if eligible employment ends or, following the determination of actual Corporation performance versus metrics, to the extent such performance shares do not vest.
- [F2]Stock options to purchase shares become exercisable if employment with the Corporation continues through the vesting dates. The options will vest as follows: 50% on October 3, 2013, 25% on October 3, 2014 and 25% on October 3, 2015.