4//SEC Filing
Zavracky Paul M 4
Accession 0001437749-12-005361
CIK 0001386198other
Filed
May 21, 8:00 PM ET
Accepted
May 22, 4:19 PM ET
Size
5.3 KB
Accession
0001437749-12-005361
Insider Transaction Report
Form 4
MEMSIC IncMEMS
Zavracky Paul M
Director
Transactions
- Award
Stock Option (right to buy)
2012-05-20+140,000→ 351,000 totalExercise: $2.15Exp: 2022-05-20→ Common Stock (140,000 underlying)
Footnotes (1)
- [F1]Option vests in full on May 20, 2019, subject to acceleration as follows: 1/7 of the total number of shares will vest in any quarter in which (a) the Company's total revenue for the two preceding calendar quarters is $36.0 million or greater, and (b) the Company's average gross margin for such two preceding calendar quarters has exceeded a specified target percentage. That target percentage is equal to 36.0% for the first vesting tranche, and increases by 0.5% for each successive tranche. Option vests in full upon the occurrence of a change in control, as defined in the Company's 2007 Stock Incentive Plan.
Documents
Issuer
MEMSIC Inc
CIK 0001386198
Entity typeother
Related Parties
1- filerCIK 0001421499
Filing Metadata
- Form type
- 4
- Filed
- May 21, 8:00 PM ET
- Accepted
- May 22, 4:19 PM ET
- Size
- 5.3 KB