Pappas Timothy J 4
4 · ENTROPIC COMMUNICATIONS INC · Filed May 18, 2009
Insider Transaction Report
Form 4
Pappas Timothy J
VP, Operations
Transactions
- Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2009-05-14−90,000→ 0 totalExercise: $4.55Exp: 2018-03-19→ Common Stock (90,000 underlying) - Award
Non-Qualified Stock Option (right to buy)
2009-05-15+60,000→ 60,000 totalExercise: $1.99Exp: 2018-03-19→ Common Stock (60,000 underlying)
Footnotes (3)
- [F1]16,250 of the options will become exercisable on May 15, 2010. The remainder of the options become exercisable in equal monthly installments beginning June 19, 2010 until fully vested on March 19, 2012.
- [F2]The reporting person agreed to cancellation of an option granted to him on March 19, 2008, in exchange for a new option having a lower exercise price.
- [F3]The cancelled option provided for vesting such that 1/4th of the shares were to vest one year after the Vesting Commencement Date beginning 3/19/08 and 1/48th of the shares were to vest monthly thereafter over the next three years.