SCIENTIFIC LEARNING CORP 4
4 · SCIENTIFIC LEARNING CORP · Filed Mar 12, 2014
Insider Transaction Report
Form 4
THOMAS JEFFREY D
Director
Transactions
- Award
Nonqualified Stock Option (Right to Buy)
2014-01-01+3,750→ 3,750 totalExercise: $0.24Exp: 2023-12-31→ Common Stock (3,750 underlying) - Award
Restricted Stock Unit
2014-01-01+1,875→ 1,875 total→ Common Stock (1,875 underlying)
Footnotes (2)
- [F1]On January 1, 2014, the reporting person received 1,875 restricted stock units under the Issuer's 1999 Equity Incentive Plan. The restricted stock units will vest in six equal installments over a three year period, at approximately six-month intervals, on the Company's regular RSU vesting dates, provided that no options shall vest after the director's service as a non-employee member of the Board ends. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested.
- [F2]Option granted on January 1, 2014 pursuant to the Issuer's 1999 Equity Incentive Plan. The option, representing a right to purchase 3,750 shares, will vest over a three year period, with the vesting period commencing upon grant, in equal monthly installments, provided that no options shall vest after the director's service as a non-employee member of the Board ends.