FREEMAN JANE A 4
4 · SCIENTIFIC LEARNING CORP · Filed Jan 14, 2013
Insider Transaction Report
Form 4
FREEMAN JANE A
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2013-01-10+50,000→ 50,000 total - Exercise/Conversion
Restricted Stock Units
2013-01-10−50,000→ 50,000 totalExercise: $0.00→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]On January 10, 2013, 50,000 of the reporting person's restricted stock units vested and were settled for an equal number of shares of Scientific Learning Corporation common stock.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Scientific Learning Corporation's common stock.
- [F3]On October 1, 2012, the reporting person received 100,000 restricted stock units under the Company's 1999 Equity Incentive Plan. Fifty percent of the restricted stock units vest on each of January 10, 2013 and July 10, 2013, except that if the reporting person ceases employment prior to July 10, 2013 as a result of a mutual agreement with the Company, the award will fully vest upon the termination of employment.