NEWMAN PATRICIA MARGARET 4
4 · WESTAFF INC · Filed Apr 11, 2005
Insider Transaction Report
Form 4
WESTAFF INCwstf
NEWMAN PATRICIA MARGARET
DirectorPresident and CEO
Transactions
- Award
Incentive Stock Option (Right to Buy)
2005-04-07$3.22/sh+155,275$499,986→ 185,275 totalExercise: $3.22Exp: 2010-04-07→ Common Stock (155,275 underlying) - Award
Non-Qualified Stock Option (Right to Buy)
2005-04-07$3.22/sh+44,725$144,015→ 44,725 totalExercise: $3.22Exp: 2010-04-07→ Common Stock (44,725 underlying) - Award
Common Stock (Restricted)
2005-04-07+20,000→ 20,000 total
Footnotes (3)
- [F1]Grant to reporting person of exempt Rule 16b-3 option under the Westaff, Inc. 1996 Stock Option/Stock Issuance Plan, as amended and restated
- [F2]The option will vest as follows: 31,055 on April 7, 2006, 31,055 on April 7, 2007, 31,055 on April 7, 2008, 31,055 on April 7, 2009 and any remaining shares that have not yet vested on April 7, 2010. The options shall become fully vested and exercisable if (i) Optionee is terminatd without cause or demoted within one year of the effective date of a Change in Control, a Corporate Transaction, or a Hostile Take-Over.
- [F3]The options will vest as follows: 8,945 on April 7, 2006, 8,945 on April 7, 2007, 8,945 on April 7, 2008, 8,945 on April 7, 2009 and any remaining shares that have not yet vested on April 7, 2010. The options shall become fully vested and exercisable if (i) Optionee is terminated without cause or demoted within one year of the effective date of a Change in Control, a Corporate Transation, or a Hostile Take-Over.