TRANGSRUD LOWELL B 4
4 · DITECH NETWORKS INC · Filed Aug 20, 2009
Insider Transaction Report
Form 4
TRANGSRUD LOWELL B
Exec. VP and C.O.O.
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2007-12-07+40,000→ 100,000 totalExercise: $3.42From: 2009-08-18Exp: 2017-12-07→ Common Stock (40,000 underlying) - Award
Non-Qualified Stock Option (right to buy)
2008-12-19+45,000→ 45,000 totalExercise: $0.77From: 2009-08-18Exp: 2018-12-19→ Common Stock (45,000 underlying)
Footnotes (2)
- [F1]On December 19, 2008, the reporting person was granted an option to purchase 45,000 shares of common stock. The option vests based on Ditech Networks' satisfaction of certain performance criteria. The performance criteria were met on August 18, 2009, resulting in vesting of the option as to 45,000 shares.
- [F2]On December 7, 2007, the reporting person was granted an option to purchase 40,000 shares of common stock. The option vests based on Ditech Networks' satisfaction of certain performance criteria. The performance criteria were met on August 18, 2009, resulting in vesting of the option as to 40,000 shares.