VITALSTREAM HOLDINGS INC 4
4 · VITALSTREAM HOLDINGS INC · Filed Jul 17, 2006
Insider Transaction Report
Form 4
Waterman Jack L
Chief Executive Officer
Transactions
- Award
Options (Rights to Buy)
2006-07-13+300,000→ 300,000 totalExercise: $8.88From: 2007-07-13Exp: 2011-07-13→ Common Stock (300,000 underlying)
Holdings
- 1,187,500
Options (Rights to Buy)
Exercise: $2.24From: 2005-06-01Exp: 2015-06-01→ Common Stock (1,187,500 underlying)
Footnotes (2)
- [F1]25% of the options vest on 07/13/07 and 6.25% of the options vest at the end of each three-month period thereafter.
- [F2]These options vested (i) on June 1, 2005 with respect to 1/8 of the subject shares, (ii) on June 1, 2006 with respect to an additional 1/8 of the subject shares, and (iii) thereafter at the rate of 1/16 per quarter over the next three years except that, effective July 13, 2006, the vesting schedule was accelerated such that the options that otherwise would not have been exercisable until September 1, 2006 and Dcember 1, 2006 became exercisable on July 13, 2006.