TVIA INC 4
4 · TVIA INC · Filed May 24, 2005
Insider Transaction Report
Form 4
TVIA INCTVIA
PORAT ELI
DirectorPresident & CEO
Transactions
- Award
Option to Purchase Common Stock
2005-05-19$1.39/sh+50,000$69,500→ 50,000 totalExercise: $1.39From: 2006-05-19Exp: 2015-05-19→ Common stock (50,000 underlying) - Award
Option to Purchase Common Stock
2005-05-19$1.39/sh+80,000$111,200→ 80,000 totalExercise: $1.39From: 2005-05-19Exp: 2009-06-30→ Common stock (80,000 underlying)
Footnotes (4)
- [F1]25% vests in one year and the remainder, vests monthly thereafter.
- [F2]100% vests if the Company achieves $5 million in revenue in a fiscal quarter by June 30, 2006
- [F3]100% vests if the Company reaches cash break even for a fiscal quarter by December 31, 2006
- [F4]100% vests if the Company achieves $8 million in revenue in a fiscal quarter by June 30, 2007