MacNeill Sean 4
4 · OPENWAVE SYSTEMS INC · Filed May 2, 2012
Insider Transaction Report
Form 4
MacNeill Sean
SVP Engineering & Services
Transactions
- Tax Payment
Restricted Stock Unit
2012-04-30−200,000→ 200,000 total→ Common Stock (200,000 underlying) - Exercise/Conversion
Restricted Stock Unit
2012-04-30+200,000→ 200,000 total→ Common Stock (200,000 underlying) - Exercise/Conversion
Common Stock
2012-04-30+125,747→ 131,747 total
Footnotes (3)
- [F1]Each share of restricted stock unit represents a right to receive one share of common stock.
- [F2]These restricted stock units were granted on 1/12/2012 and scheduled to vest 100% on the one year anniversary of the grant date. Upon the sale of the two business units, the shares were accelerated to vest on the close 4/30/2012.
- [F3]Election was made to surrender enough shares associated with the RSUs to the Company to cover their tax obligation.