Schmitt Jean 4
4 · AUTHENTEC INC · Filed Oct 1, 2010
Insider Transaction Report
Form 4
AUTHENTEC INCAUTH
Schmitt Jean
Director
Transactions
- Award
Stock Option (Right to Buy)
2010-10-01+35,000→ 35,000 totalExercise: $1.71Exp: 2020-09-30→ Common Stock (35,000 underlying) - Award
Stock Option (Right to Buy)
2010-10-01+18,334→ 18,334 totalExercise: $1.71Exp: 2020-09-30→ Common Stock (18,334 underlying)
Footnotes (2)
- [F1]The shares underlying this option vest based upon continued service over the four year period commencing September 16, 2010, with the first 25% to vest September 16, 2011 and the remainder in equal quarterly installments thereafter.
- [F2]The shares underlying this option fully vest upon the earlier to occur of (1) the first anniversary of the date of grant, or (2) immediately prior to the Registrant's first annual meeting of stockholders following the date of grant. The reporting person will be required to hold the shares underlying this option for a period of two years following the vesting of such shares.