HALLENBECK GEORGE A 4
4 · EVOLVING SYSTEMS INC · Filed Mar 6, 2009
Insider Transaction Report
Form 4
HALLENBECK GEORGE A
Director
Transactions
- Award
NQ Stock Option (right to buy)
2009-03-04+10,000→ 10,000 totalExercise: $0.93Exp: 2019-03-03→ Common Stock (10,000 underlying)
Holdings
- 754,388
Common Stock
Footnotes (2)
- [F1]One-third of the options will vest on each of April 4, 2009 and May 4, 2009; the remaining third will vest on June 9, 2009.
- [F2]The Reporting Person received stock options pursuant to the compensation arrangement approved by the Board of Directors for non-employee Directors. Under the arrangement, non-employee board members who have served on the Board for six (6) months are awarded an annual stock option grant for 10,000 common shares on the date of the Company's Annual Meeting of Stockholders. Due to administrative oversight, those grants were not made in 2008. The options were granted without payment of consideration.