Osborne Peter 4
4 · VNUS MEDICAL TECHNOLOGIES INC · Filed Feb 2, 2009
Insider Transaction Report
Form 4
Osborne Peter
CFO, VP of Finance and Admin.
Transactions
- Tax Payment
Common Stock
2009-01-29$16.22/sh−1,054$17,096→ 2,410 total - Exercise/Conversion
Common Stock
2009-01-29+2,500→ 3,464 total - Exercise/Conversion
Restricted Stock Units
2009-01-29−2,500→ 7,500 total→ Common Stock (2,500 underlying)
Footnotes (2)
- [F1]The Reporting Person is entitled to receive one (1) share of common stock for each one (1) restricted stock unit.
- [F2]Vesting of the restricted stock units was subject to the achievement in 2008 of certain corporate objectives relating to the Company's 2008 worldwide revenues and operating profitability, as determined by the Compensation Committee of the Board of Directors of the Company. On January 29, 2009, the Compensation Committee determined that such corporate objectives had been achieved. Accordingly, the restricted stock units vest 25% on January 1, 2009, with an additional 25% vesting each January 1 for the next three (3) years subject to continued employment by the Company.