Chill Michael J 4
4 · ULTICOM INC · Filed Feb 18, 2009
Insider Transaction Report
Form 4
ULTICOM INCULCM.PK
Chill Michael J
Director
Transactions
- Award
Deferred Stock Awards (units)
2009-02-13+5,500→ 5,500 total→ Common Stock (5,500 underlying)
Footnotes (3)
- [F1]Each Unit of the Deferred Stock Award settles automatically into one share of Ulticom Common Stock upon the Settlement Date (as defined below).
- [F2]The Deferred Stock Award settles on the Settlement Date which will be the earlier of (a) the date on which a Change in Control occurs (to the extent that such Change in Control also constitutes a change in ownership or effective control within the meaning of Section 409A(a)(2)(A)(v) of the Code and (b) January 3, 2011. The Deferred Stock Award shall vest 25% in each of the fiscal quarters ending April 30, 2009, July 31, 2009, October 31, 2009 and January 31, 2010 as a result of services provided during fiscal year 2009. The Deferred Stock Award shall become 100% vested on January 31, 2010, subject to the continued service as a director with Ulticom, Inc. or upon a change in control.
- [F3]The Deferred Stock Award was issued in connection with service as a director during fiscal year 2009.