TERRESTAR CORP 4
4 · TERRESTAR CORP · Filed Jun 27, 2008
Insider Transaction Report
Form 4
TERRESTAR CORPTSTR
Leduc Jacques
Director
Transactions
- Award
Non-Qualified Stock Option (Option to Buy)
2008-06-25+15,000→ 15,000 totalExercise: $12.03Exp: 2018-06-24→ Common Stock (15,000 underlying)
Footnotes (2)
- [F1]The stock option was to be granted upon the re-election of the Reporting Person to Issuer's board of directors on the date of Issuer's 2007 Annual Meeting of Stockholders but the Issuer had insufficient shares available for issuance under its 2006 Equity Incentive Plan to issue this stock option. The exercise price of this stock option is the closing price of Issuer's common stock on July 12, 2007, the date of the 2007 Annual Meeting. This exercise price is higher than the closing price of Issuer's common stock on the date of grant.
- [F2]The option is exercisable as it vests. The option vests in 3 equal annual installments from July 12, 2007, with 1/3 of the shares vesting and becoming exercisable on each of July 12, 2008, 2009 and 2010.