SPENCER WILLIAM JOSEPH 4
4 · LECG CORP · Filed Nov 17, 2003
Insider Transaction Report
Form 4
LECG CORPXPRT
SPENCER WILLIAM JOSEPH
Director
Transactions
- Award
Non-qualified Stock Option (right to buy)
2003-11-13+15,625→ 15,625 totalExercise: $16.00Exp: 2003-07-31→ Common Stock (15,625 underlying)
Footnotes (3)
- [F1]1/4th of the total number of shares subject to the option shall vest on August 1, 2004 (the "Anniversary Date") and the remaining shares thereafter shall vest monthly at a rate of 1/48th of the total shares subject to the option beginning on the first day of each month following the month of the Anniversary Date.
- [F2]All common units of LECG Holding Company, LLC were exchanged for shares of common stock of the issuer in connection with the issuer's initial public offering (the "Exchange"). The Exchange became effective after effectiveness of the registration statement relating to the issuer's initial public offering. The Exchange was part of a reorganization (the "Reorganization") undertaken in connection with the issuer's initial public offering pursuant to which holders of common units of LECG Holding Company, LLC other than TCEP/LECG Funding Corporation each received one share of common stock for every 1.6 common units of LECG Holding Company, LLC.
- [F3]Received upon the assumption by the issuer, in connection with the Reorganization, of options to purchase common units of LECG Holding Company, LLC.