Marinelli Paul T 4
4 · LEAPFROG ENTERPRISES INC · Filed May 19, 2009
Insider Transaction Report
Form 4
Marinelli Paul T
Director10% Owner
Transactions
- Award
Nonqualified Stock Option (right to buy)
2009-05-15+35,000→ 35,000 totalExercise: $2.75Exp: 2019-05-15→ Class A Common (35,000 underlying)
Footnotes (2)
- [F1]Granted under Issuer's 2002 Non-Employee Directors' Stock Award Plan.
- [F2]The option becomes exercisable, if at all, when the average closing price of the Company's Class A common stock on the NYSE across all trading days during a consecutive 90-day period that occurs after the grant date and during the term of the option equals or exceeds $4.00 per share (such condition of vesting, the "Price Condition"). In addition, subject to the Price Condition, the option will vest over three years commencing May 15, 2009 in equal monthly installments. Any option shares that would, but for the Price Condition, have vested according to the vesting schedule above will vest when the Price Condition is met.