INTERVOICE INC 4
4 · INTERVOICE INC · Filed May 20, 2008
Insider Transaction Report
Form 4
INTERVOICE INCINTV
McDonald Charles E
Chief Accounting Officer
Transactions
- Exercise/Conversion
Common Stock
2008-05-16+1,525→ 1,525 total - Exercise/Conversion
Restricted Stock Units
2008-05-16$5.90/sh−1,525$8,998→ 2,754 total→ Common Stock (1,525 underlying) - Tax Payment
Common Stock
2008-05-16$5.90/sh−498$2,938→ 1,027 total
Footnotes (4)
- [F1]Pursuant to the terms of the FY 2007 Stock Incentive Plan and Mr. McDonald?s Restricted Stock Unit Agreement, upon a not for cause termination of employment by the Company, any RSUs granted shall vest in a pro rata amount based upon the completed months of vesting service divided by the number of months between the respective grant dates and the corresponding applicable vesting dates. The number of shares shown above were granted to Mr. McDonald as of the date of termination of his employment with the Company.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Intervoice's common stock
- [F3]Vesting will occur in three substantially equal amounts on the third business day following the earnings release for the Company's fiscal quarters ending August 31, 2008, August 31, 2009, and August 31, 2010, provided that Mr. McDonald is continuously employed by or in the service of Intervoice or its Affiliates at each vesting date.
- [F4]The remainder of Mr. McDonald's RSUs will terminate in the absence of a change of control with respect to the Company within 90 days following termination of his employment.