NAUMANN KENNETH DALE 4
4 · DITECH NETWORKS INC · Filed Dec 14, 2010
Insider Transaction Report
Form 4
NAUMANN KENNETH DALE
VP of Worldwide Sales
Transactions
- Award
Common Stock
2010-12-10+20,000→ 20,000 total - Award
Non-Qualified Stock Option (right to buy)
2010-12-10$1.32/sh+140,000$184,800→ 140,000 totalExercise: $1.32Exp: 2020-12-10→ Common Stock (140,000 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit (RSU) respesents a contingent right to recieve one share of DITC common stock. 25% of total shares will be vested on 12/15/11 and the remaining balance will be vested in equal installments semi-annually over the next three years.
- [F2]Option is exercisable as it vest. Option will vest 25% after 12 months of continuous service and the balance will vest monthly for the next 36 months of continuous service.