MANIAN VAHID 4
4 · ENTROPIC COMMUNICATIONS INC · Filed Apr 16, 2013
Insider Transaction Report
Form 4
MANIAN VAHID
Sr VP, Global Operations
Transactions
- Award
Restricted Stock Unit
2013-04-12+20,000→ 110,000 total→ Common Stock (20,000 underlying) - Award
Non-Qualified Stock Option (right to buy)
2013-04-12+60,000→ 60,000 totalExercise: $4.11Exp: 2023-04-12→ Common Stock (60,000 underlying)
Footnotes (3)
- [F1]1/4th of the shares vest one year after the Vesting Commencement Date beginning 4/12/13. 1/48th of the shares vest monthly thereafter over the next three years. Additionally, grant is subject to accelerated vesting on the terms and conditions set forth in such individual's Change of Control Agreement.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
- [F3]The shares vest over a four year period, with 25% vesting on the first quarterly vesting date following the 1st, 2nd, 3rd and 4th anniversary of the grant date. Additionally, grant is subject to accelerated vesting on the terms and conditions set forth in such individual's Change of Control Agreement.