Dexter Berg Julie 4
4 · LEAP WIRELESS INTERNATIONAL INC · Filed May 17, 2013
Insider Transaction Report
Form 4
Dexter Berg Julie
Chief Marketing Officer
Transactions
- Award
Deferred Stock Unit
2013-05-16+75,000→ 75,000 totalExp: 2018-05-16→ Common Stock (75,000 underlying) - Award
Non-Qualified Stock Option (right to buy)
2013-05-16+100,000→ 100,000 totalExercise: $6.10Exp: 2023-05-16→ Common Stock (100,000 underlying)
Footnotes (3)
- [F1]Each deferred stock unit represents the right to receive one share of LEAP common stock upon vesting.
- [F2]The units vest 25% on the second anniversary of the date of grant, 25% on the third anniversary of the date of grant and 50% on the fourth anniversary of the date of grant, provided that the average of the closing prices of LEAP for the 30-calendar day period immediately preceding each vesting date is greater than the Fair Market Value (as defined in the 2009 Plan) of LEAP on the grant date. If the 30-day calendar average does not exceed the Fair Market Value on the vesting date, the units will remain unvested until the average of the closing prices of LEAP for any subsequent 30-calendar day period is greater than the Fair Market Value of LEAP on the grant date and any unvested units will expire on the fifth anniversary of the date of grant.
- [F3]The option vests in four equal installments on May 16, 2014, May 16, 2015, May 16, 2016 and May 16, 2017, respectively.