PROCERA NETWORKS, INC. 4
4 · PROCERA NETWORKS, INC. · Filed Dec 3, 2014
Insider Transaction Report
Form 4
Brear James Frederick
DirectorCEO and President
Transactions
- Award
Common Stock
2014-12-02+25,000→ 90,000 total - Award
Stock Option (Right to Buy)
2014-12-02+75,000→ 75,000 totalExercise: $6.77From: 2015-12-02Exp: 2024-12-02→ Common Stock (75,000 underlying)
Footnotes (2)
- [F1]Represents a restricted stock unit award ("RSU") of common stock under the Issuer's 2007 Equity Incentive Plan. The shares subject to the RSU will vest over a period of three years in 12 equal installments on each three-month anniversary of the grant date.
- [F2]The option vests over a four year period, with 25% of the shares subject to the option vesting on the first anniversary of the grant date and the balance vesting in 36 equal consecutive monthly installments thereafter until the option becomes fully vested and exercisable.