ZEIGER CARL 4
4 · LIGHTSPAN INC · Filed Aug 27, 2003
Insider Transaction Report
Form 4
LIGHTSPAN INCLSPN
ZEIGER CARL
DirectorPresident and COO
Transactions
- Award
Employee Stock Option (right to buy)
2003-07-25$0.71/sh+150,000$106,500→ 150,000 totalExercise: $0.71From: 2004-07-25Exp: 2013-07-24→ Common Stock (150,000 underlying)
Footnotes (1)
- [F1]Options vest at the rate of 25% after one year from the Vesting Commencement Date and 1/36th of the remaining shares (1/48th of the total shares) subject to the option every month thereafter.