BURDICK MARK 4
4 · ANAREN INC · Filed Jul 15, 2011
Insider Transaction Report
Form 4
ANAREN INCANEN
BURDICK MARK
Senior VP and General Manager
Transactions
- Disposition to Issuer
Common Stock
2011-06-30−9,111→ 67,806 total - Exercise/Conversion
Common Stock
2011-07-13$19.21/sh+4,000$76,840→ 71,806 total - Exercise/Conversion
Stock Option (right to buy)
2011-07-13−4,000→ 2,000 totalExercise: $19.21Exp: 2011-07-15→ Common Stock (4,000 underlying)
Footnotes (2)
- [F1]The shares of restricted stock were granted to the reporting person on May 17, 2006 and were subject to forfeiture until the latter of the third anniversary of the date of grant or the last day of Anaren, Inc.'s single fiscal year (but no later than fiscal year 2011) during which the company had both (A) net sales from operations of at least $250 million and (B) operating income of at least 12% of the net sales, excluding certain expenses. These shares were forfeited because the financial performance conditions identified above were not met by June 30, 2011.
- [F2]The option vested in five equal installments on July 16, 2002, 2003, 2004, 2005, and 2006.