OVERLAND STORAGE INC 4
4 · OVERLAND STORAGE INC · Filed May 2, 2005
Insider Transaction Report
Form 4
CALISI CHRISTOPHER P
DirectorPresident and CEO
Transactions
- Award
Employee Stock Option (right to buy)
2005-04-28+100,000→ 100,000 totalExercise: $11.00Exp: 2015-04-28→ Common Stock (100,000 underlying) - Award
Common Stock
2005-04-28+50,000→ 56,559 total
Footnotes (3)
- [F1]These shares vest in installments of 16,667, 16,667 and 16,666 shares on January 1, 2006, January 1, 2007 and January 1, 2008, respectively, provided the Reporting Person provides continuous service to the Issuer.
- [F2]These shares vest as to 12,500, 12,500 and 25,000 shares, respectively, if the volume weighted daily average stock price of the Issuer for ten consecutive trading days reaches $20.00, $25.00 and $30.00, respectively, on or before January 1, 2008, provided that the Reporting Person is employed by the Issuer as Chief Executive Officer on such dates(s).
- [F3]This option is immediately vested as to 11,200 shares, with the remainder vesting at a rate of 2,775 option shares on the last day of the month commencing May 31, 2005 through December 31, 2007, provided the Reporting Person provides continuous service to the Issuer.