AVIAT NETWORKS, INC. 4
4 · AVIAT NETWORKS, INC. · Filed Feb 4, 2015
Insider Transaction Report
Form 4
Elliott Meena L.
VP,General Counsel & Secretary
Transactions
- Award
Common Stock
2015-02-02+38,095→ 137,727 total - Award
Non-Qualified Stock Option (right to buy)
2015-02-02+85,714→ 85,714 totalExercise: $1.30Exp: 2022-02-02→ Common Stock (85,714 underlying)
Footnotes (2)
- [F1]Performance share units, which are subject to vesting. Vesting requires both (a) continuing employment with the Corporation, and (b) achievement of at least the minimum performance result for the one-year period set forth in the Specific Terms and Conditions. 1/3 will vest on confirmation of performance metrics achievement expected in August 2015, with 1/3 vesting on February 2, 2016 and 1/3 vesting on February 2, 2017. All shares will cancel if the original performance metrics are not achieved. Unvested performance share units are subject to cancelation by the Corporation at $0.01 per share if eligible employment ends or, following the determination of actual Corporation performance versus metrics, to the extent such performance share units do not vest.
- [F2]Stock options to purchase shares become exercisable if employment with the Corporation continues through the vesting dates. The options will vest as follows: 25% on August 1, 2015 and 2.08% monthly thereafter.