GRADY JAMES H 4
4 · DITECH COMMUNICATIONS CORP · Filed Oct 5, 2004
Insider Transaction Report
Form 4
GRADY JAMES H
VP, Worldwide Sales
Transactions
- Exercise/Conversion
Common Stock
2004-10-04$8.76/sh+1,000$8,760→ 1,000 total - Exercise/Conversion
Common Stock
2004-10-05$8.76/sh+9,000$78,840→ 9,000 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2004-10-05−9,000→ 232,500 totalExercise: $8.76From: 2003-09-30Exp: 2013-09-30→ Common Stock (9,000 underlying) - Sale
Common Stock
2004-10-05$24.89/sh−9,000$224,002→ 0 total - Exercise/Conversion
Common Stock
2004-10-01$8.76/sh+7,500$65,700→ 7,500 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2004-10-01−7,500→ 242,500 totalExercise: $8.76From: 2003-09-30Exp: 2013-09-30→ Common Stock (7,500 underlying) - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2004-10-04−1,000→ 241,500 totalExercise: $8.76From: 2003-09-30Exp: 2013-09-30→ Common Stock (1,000 underlying) - Sale
Common Stock
2004-10-01$22.16/sh−7,500$166,178→ 0 total - Sale
Common Stock
2004-10-04$24.83/sh−1,000$24,830→ 0 total
Footnotes (2)
- [F1]Securities sold pursuant to a 10b5-1 plan that enables an insider to establish a program to make transactions according to an advance plan. Such a program allows an insider to continue with planned transactions even if he or she comes into possession of material non-public information.
- [F2]The option is immediately exercisable, subject to a repurchase option in favor of the Company which lapses over a four year period with 25% lapsing after the first year and monthly thereafter.