KANA SOFTWARE INC 4
4 · KANA SOFTWARE INC · Filed Mar 28, 2005
Insider Transaction Report
Form 4
HUBBARD ALAN W
EVP, R&D
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2005-03-24+18,000→ 18,000 totalExercise: $1.87Exp: 2015-03-23→ Common Stock (18,000 underlying)
Footnotes (2)
- [F1]The price of the option granted is in excess of the fair market value of the Company's Common Stock on the date of grant, such fair market value being $1.67.
- [F2]The option starts vesting on March 24, 2005 and becomes fully vested on July 24, 2005. In the event of a change of control of 50% or more of the outstanding stock of the Company, and following such change the Executive Officer is not offered a similar position of the combined entity as held prior to the Change of Control, then 100% of the unvested shares shall immediately vest.