VERISITY LTD 4
4 · VERISITY LTD · Filed Apr 7, 2005
Insider Transaction Report
Form 4
VERISITY LTDVRST
GLASER STEVEN L
Vice President, Corporate
Transactions
- Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2005-04-07−95,480→ 0 totalExercise: $13.55From: 2004-06-03Exp: 2013-07-07→ Ordinary Shares (95,480 underlying) - Award
Ordinary Shares
2005-04-07$5.93/sh+1,167$6,924→ 2,786 total - Disposition to Issuer
Ordinary Shares
2005-04-07$12.00/sh−2,786$33,432→ 0 total - Disposition to Issuer
Incentive Stock Option (right to buy)
2005-04-07−29,520→ 0 totalExercise: $13.55From: 2004-06-03Exp: 2013-07-07→ Ordinary Shares (29,520 underlying) - Disposition to Issuer
Incentive Stock Option (right to buy)
2005-04-07−3,646→ 0 totalExercise: $5.40From: 2005-05-27Exp: 2014-05-27→ Ordinary Shares (3,646 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2005-04-07−31,354→ 0 totalExercise: $5.40From: 2005-05-27Exp: 2014-05-27→ Ordinary Shares (31,354 underlying)
Footnotes (3)
- [F1]This is an Employee Stock Purchase Plan acquisition and is voluntarily reported.
- [F2]These options are being assumed based on an exchange ratio and for an exercise price determined in accordance with the Agreement and Plan of Merger, dated January 12, 2005, among Cadence Design Systems, Inc., Verisity and Scioto River Ltd., relating to Cadence's acquisition of Verisity.
- [F3]This option, which provides for vesting and exercisability of 25% on the first anniversary of the grant date and 1/48th monthly thereafter, was assumed by Cadence Design Systems, Inc. in connection with Cadence's acquisition of Verisity.