Karnik P K 4
4 · CHORDIANT SOFTWARE INC · Filed Dec 1, 2009
Insider Transaction Report
Form 4
Karnik P K
SVP & GM, WW Client Services
Transactions
- Award
Common Stock
2009-11-25+30,000→ 30,000 total - Award
Stock Option (right to buy)
2009-11-24+49,000→ 49,000 totalExercise: $2.87From: 2009-12-24Exp: 2016-11-24→ Common Stock (49,000 underlying) - Exercise/Conversion
Restricted Stock Units
2009-11-25−30,000→ 60,000 total→ Common Stock (30,000 underlying) - Award
Restricted Stock Units
2009-11-24+25,000→ 25,000 total→ Common Stock (25,000 underlying)
Footnotes (6)
- [F1]Reflects shares that vested 11/25/2009 under RSU grant from 11/25/2008; shares shall be released two years from vesting
- [F2]The shares vest in equal monthly installments over four (4) years from date of grant and have a term of seven (7) years
- [F3]Each restricted stock unit represents a contingent right to receive one share of CHRD common stock
- [F4]Vests twenty-five percent (25%) on the annual anniversary of the grant date for four (4) years
- [F5]Reflects conversion of RSU into Common Stock
- [F6]The shares vest in three (3) equal annual installments from 11/25/2008