SPIRTOS JOHN 4
4 · EVOLVING SYSTEMS INC · Filed Jun 22, 2012
Insider Transaction Report
Form 4
SPIRTOS JOHN
Director
Transactions
- Award
NQ Stock Option (right to buy)
2012-06-20+3,500→ 3,500 totalExercise: $5.45From: 2012-09-20Exp: 2022-06-19→ Common Stock (Direct) (3,500 underlying)
Holdings
- 2,500
Common Stock
Footnotes (2)
- [F1]The shares vest in four equal quarterly installments over a 12-month period beginning September 20, 2012
- [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 common shares on or about the date of the Company's Annual Meeting of Stockholders. The options were granted without payment of consideration.