REDMOND SEAN 4
4 · VERISITY LTD · Filed Nov 18, 2003
Insider Transaction Report
Form 4
VERISITY LTDVRST
REDMOND SEAN
Vice President, Sales
Transactions
- Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2003-11-17$12.75/sh−425$5,419→ 938 totalExercise: $2.80From: 2001-01-01Exp: 2010-01-19→ Ordinary Shares (425 underlying) - Exercise/Conversion
Ordinary Shares
2003-11-17$2.80/sh+425$1,190→ 425 total - Sale
Ordinary Shares
2003-11-17$12.75/sh−425$5,419→ 0 total
Holdings
- 25,000
Non-Qualified Stock Option (right to buy)
Exercise: $9.45Exp: 2013-04-15→ Ordinary Shares (25,000 underlying) - 15,000
Non-Qualified Stock Option (right to buy)
Exercise: $13.34Exp: 2012-09-03→ Ordinary Shares (15,000 underlying) - 10,000
Non-Qualified Stock Option (right to buy)
Exercise: $14.25Exp: 2011-07-18→ Ordinary Shares (10,000 underlying) - 5,000
Non-Qualified Stock Option (right to buy)
Exercise: $18.90Exp: 2012-04-17→ Ordinary Shares (5,000 underlying)
Footnotes (2)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Redmond, Verisity and our brokers.
- [F2]The option is exercisable as follows: 25% on the first anniversary of the option grant date and 1/48th monthly thereafter. The option grant date is exactly 10 years prior to the expiration date of the option.