Neil William 4
4 · PEERLESS SYSTEMS CORP · Filed Jun 2, 2011
Insider Transaction Report
Form 4
Neil William
Chief Financial Officer
Transactions
- Exercise of In-Money
Common stock
2011-04-07$0.60/sh+57,800$34,680→ 102,557 total - Exercise of In-Money
Options to acquire common stock
2011-04-07−57,800→ 95,000 totalExercise: $0.60Exp: 2011-04-11→ Common stock (57,800 underlying)
Footnotes (3)
- [F1]Acquired upon exercise of stock options.
- [F2]Options were part of 100,000 options granted on on April 11, 2001. Twenty five percent (25%) of the options vested on the first anniversary of the grant date and one thirty sixth (1/36) of the options vested on each monthly anniversary thereafter. All such options were vested by April 11, 2005.
- [F3]Options were received by Mr. Neil for his service as an employee of the Company.