VERISITY LTD 4
4 · VERISITY LTD · Filed Apr 7, 2005
Insider Transaction Report
Form 4
VERISITY LTDVRST
FAIRBAIRN DOUGLAS G
Director
Transactions
- Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2005-04-07−18,572→ 0 totalExercise: $13.26From: 2003-09-20Exp: 2013-09-17→ Ordinary Shares (18,572 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2005-04-07−50,000→ 0 totalExercise: $5.40From: 2004-06-01Exp: 2014-05-27→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]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.
- [F2]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.