4//SEC Filing
Gopal Christopher 4
Accession 0001409130-10-000019
CIK 0000889930other
Filed
Apr 26, 8:00 PM ET
Accepted
Apr 27, 9:13 PM ET
Size
10.3 KB
Accession
0001409130-10-000019
Insider Transaction Report
Form 4
Gopal Christopher
VP, Global Operations
Transactions
- Award
Employee Stock Option (right to buy)
2010-04-23+178,356→ 178,356 totalExercise: $2.49Exp: 2016-04-23→ Common Stock (178,356 underlying) - Conversion
Common Stock
2010-04-23+18,965→ 18,965 total - Conversion
Series A Convertible Preferred Stock
2010-04-23−3,333→ 0 total→ Common Stock (18,965 underlying)
Footnotes (3)
- [F1]All outstanding shares of Series A Convertible Preferred Stock automatically converted into shares of Common Stock following receipt of shareholder approval of the full conversion of the outstanding shares of Series A Convertible Preferred Stock into shares of Common Stock at the special meeting of shareholders held on April 23, 2010 (the "Special Meeting").
- [F2]The option grant was approved by the compensation committee of the board of directors of Overland Storage, Inc. on February 16, 2010, subject to the closing of a financing transaction (the "Financing Transaction") and shareholder approval of an increase in the number of shares of Common Stock available for issuance under the Overland Storage, Inc. 2009 Equity Incentive Plan at the Special Meeting.
- [F3]The option grant shall vest in equal monthly installments over one year commencing February 18, 2010, the date definitive agreements were signed with respect to the Financing Transaction.
Documents
Issuer
OVERLAND STORAGE INC
CIK 0000889930
Entity typeother
Related Parties
1- filerCIK 0001417471
Filing Metadata
- Form type
- 4
- Filed
- Apr 26, 8:00 PM ET
- Accepted
- Apr 27, 9:13 PM ET
- Size
- 10.3 KB