CROSSROADS SYSTEMS INC 4
4 · CROSSROADS SYSTEMS INC · Filed Apr 19, 2005
Insider Transaction Report
Form 4
CERF DAVID
Executive VP of Bus & Corp Dev
Transactions
- Award
Stock Option (Option to Buy)
2005-04-15+230,000→ 230,000 totalExercise: $0.80Exp: 2015-04-14→ Common Stock (230,000 underlying)
Footnotes (1)
- [F1]The option is exercisable as it vests. The option vests as to 57,500 shares on April 14, 2006 upon reporting person's completion of one year of service with the Issuer. The remaining shares vest in twelve quarterly installments of 14,375 shares upon the reporting person's completion each additional quarter of service with the Issuer during the three-year period following April 14, 2006.