FORTUNE PETER S 4
4 · BOTTOMLINE TECHNOLOGIES INC /DE/ · Filed Aug 28, 2006
Insider Transaction Report
Form 4
FORTUNE PETER S
Chief Operating Officer
Transactions
- Award
Common Stock
2006-08-24+51,000→ 123,654 total - Sale
Common Stock
2006-08-25$9.23/sh−8,976$82,848→ 114,678 total
Holdings
- 1,444(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]This grant vests in installments over a four year period commencing one year after the grant date, with 25% becoming vested one year after the date of grant and an additional 6.25% of the original number of shares at the end of each successive three-month period following the first anniversary of the grant date until the fourth anniversary of the grant date.
- [F2]In connection with the vesting of restricted stock previously granted, 8976 shares were sold to generate net proceeds sufficient to satisfy the Company's minimum statutory withholding obligations with respect to the income recognized by Mr. Fortune upon the vesting.