PIPPIN TERESA A 4
4 · TEKELEC · Filed Apr 28, 2004
Insider Transaction Report
Form 4
TEKELECTKLC
PIPPIN TERESA A
Sr. V.P. Human Resources
Transactions
- Sale
Common Stock
2004-04-27$18.59/sh−2,500$46,475→ 950 total - Exercise/Conversion
Employee Stock Option (right to buy)
2004-04-27−2,500→ 30,000 totalExercise: $8.54→ Common Stock (2,500 underlying) - Exercise/Conversion
Common Stock
2004-04-27$8.54/sh+2,500$21,350→ 3,450 total
Footnotes (1)
- [F1]Option to purchase 40,000 shares vests and becomes exercisable in 16 equal quarterly installments commencing 6/30/04. Each of the 16 quarterly installments will expire on the four-year anniversary of its vesting.