COMPUWARE CORP 4

4 · COMPUWARE CORP · Filed Jan 31, 2007

Form 4

Period: 2007-01-30

Sr VP, Gen Counsel, Secretary

Transactions

Sale
Common stock
2007-01-30$8.89/sh−25,000$222,250→ 165,505 total
Tax Payment
Common stock
2007-01-30$8.81/sh−30,264$266,550→ 135,241 total
Sale
Common stock
2007-01-30$8.90/sh−70,000$623,000→ 32,476 total
Sale
Common stock
2007-01-30$8.91/sh−32,765$291,936→ 102,476 total
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2007-01-30−137,765→ 0 total
Exercise: $7.84From: 2000-03-31Exp: 2007-03-31→ Common stock (137,765 underlying)
Exercise/Conversion
Common stock
2007-01-30$7.84/sh+32,475$254,727→ 200,505 total
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2007-01-30−32,475→ 137,765 total
Exercise: $7.84From: 2000-03-31Exp: 2007-03-31→ Common stock (32,475 underlying)
Exercise/Conversion
Common stock
2007-01-30$7.84/sh+137,765$1,080,601→ 168,030 total
Sale
Common stock
2007-01-30$8.92/sh−10,000$89,200→ 190,505 total

Holdings

Footnotes (3)

[F1]Option was exercised during an open window period under the Company's insider trading policy. The Option was scheduled to expire on March 31, 2007, at which time the trading window would be closed. The Reporting Person's ownership position of Compuware common stock is unchanged as a result of this option exercise. One half of the sale proceeds were delivered in order to satisfy resposibilities under a divorce decree.
[F2]Option was exercised during an open window period under the Company's insider trading policy. The Option was scheduled to expire on March 31, 2007, at which time the trading window would be closed.
[F3]Shares for the value of the option exercise price and applicable taxes were transferred to Compuware Corporation pursuant to the provisions of the Non-Qualified Stock Option Agreement under which the option was granted. The Reporting Person did not sell shares in the market.

Documents

1 file