Noyes Kurt 4
4 · ENTROPIC COMMUNICATIONS INC · Filed Jun 21, 2010
Insider Transaction Report
Form 4
Noyes Kurt
VP, FINANCE AND CAO
Transactions
- Sale
Common Stock
2010-06-18$6.00/sh−1,500$9,000→ 40,276 total - Exercise/Conversion
Incentive Stock Option (right to buy)
2010-06-18$6.00/sh−1,500$9,000→ 2,370 totalExercise: $0.33Exp: 2014-12-01→ Common Stock (1,500 underlying) - Exercise/Conversion
Common Stock
2010-06-18$0.33/sh+1,500$488→ 41,776 total
Footnotes (2)
- [F1]The sales reported in the Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 27, 2009.
- [F2]1/4th of the shares vest one year after the Vesting Commencement Date beginning 12/15/04. 1/48th of the shares vest monthly thereafter over the next three years. The options may be early exercised prior to vesting but any exercised and unvested shares are subject to a right of repurchase on behalf of the Issuer. Additionally, grant is subject to accelerated vesting on the terms and conditions set forth in such individual's Change of Control Agreement.