Wolf Chad Alan 4
4 · KANA SOFTWARE INC · Filed Jun 18, 2007
Insider Transaction Report
Form 4
Wolf Chad Alan
eVergance Pres. & KANA VP
Transactions
- Award
Common Stock
2007-06-14+65,549→ 65,549 total - Award
Stock Option (right to buy)
2007-06-14+100,000→ 100,000 totalExercise: $3.10Exp: 2017-06-13→ Common Stock (100,000 underlying) - Award
Stock Option (right to buy)
2007-06-14+56,999→ 56,999 totalExercise: $3.07Exp: 2017-06-13→ Common Sstock (56,999 underlying)
Footnotes (4)
- [F1]Reporting Person acquired the shares of Common Stock in connection with the closing of Isser's acquisition of all membership interests of eVergance Partners LLC (the "Acquisition"). The closing sale price of Issuer's Common Stock quoted on the Over the Counter Bulletin Board on June 14, 2007, the closing date of the Acquisition, was $3.10.
- [F2]The price determined to be the closing sale price of Issuer's common stock quoted on the Over the Counter Bulletin Board on June 13, 2007 pursuant to the terms of the Membership Interest Purchase Agreement between Issuer and the members of eVergance Partners LLC in connection with the closing of the Acquisition.
- [F3]Immediately Exercisable.
- [F4]The option started vesting on June 14, 2007, and vests ratably over four years. In the event (i) the Executive Officer is terminated without cause or (ii) of a change of control of the Company, then 100% of the unvested shares underlying the option shall immediately vest.