DITECH COMMUNICATIONS CORP 4
4 · DITECH COMMUNICATIONS CORP · Filed Oct 5, 2004
Insider Transaction Report
Form 4
TRANGSRUD LOWELL B
Exec. VP and C.O.O.
Transactions
- Exercise/Conversion
Common Stock
2004-10-05$7.12/sh+7,000$49,840→ 10,821 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2004-10-05−7,000→ 126,000 totalExercise: $7.12From: 2001-07-12Exp: 2011-07-12→ Common Stock (7,000 underlying) - Exercise/Conversion
Common Stock
2004-10-05$2.92/sh+3,000$8,760→ 6,821 total - Sale
Common Stock
2004-10-05$25.00/sh−3,000$75,000→ 3,821 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2004-10-05−3,000→ 28,900 totalExercise: $2.92From: 2002-06-21Exp: 2012-06-21→ Common Stock (3,000 underlying) - Sale
Common Stock
2004-10-05$25.00/sh−7,000$175,000→ 3,821 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.