VERISITY LTD 4
4 · VERISITY LTD · Filed Jan 14, 2005
Insider Transaction Report
Form 4
VERISITY LTDVRST
ZISAPEL ZOHAR
Director
Transactions
- Exercise/Conversion
Ordinary Shares
2005-01-11$7.00/sh+60,000$420,000→ 60,000 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2005-01-11−60,000→ 0 totalExercise: $7.00Exp: 2011-03-20→ Ordinary Shares (60,000 underlying)
Holdings
- 205,807(indirect: by Corporation 2)
Ordinary Shares
- 184,607(indirect: by Corporation)
Ordinary Shares
- 50,000
Non-Qualified Stock Option (right to buy)
Exercise: $5.40From: 2004-06-01Exp: 2014-05-27→ Ordinary Shares (50,000 underlying)
Footnotes (5)
- [F1]Mr. Zisapel disclaims beneficial ownership of these securities except to the extent of his interest thereon, and this report shall not be deemed an admission that Mr. Zisapel is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F2]By Lomsha Ltd.
- [F3]By Michael and Klil Holdings, an Isaeli Corporation.
- [F4]This is an exercise of Incentive Stock Options for cash.
- [F5]The option is exercisable as follows: 1/36th exercisable monthly commencing on exercisable date. The option grant date is exactly 10 years prior to the expiration date of the option.