Westmoreland Stephen Warren 4
4 · AVISTAR COMMUNICATIONS CORP · Filed Dec 12, 2011
Insider Transaction Report
Form 4
Westmoreland Stephen Warren
Chief Information Officer
Transactions
- Exercise/Conversion
Common Stock
2011-12-08+200,000→ 241,293 total - Exercise/Conversion
Restricted Stock Units (RSUs)
2011-12-08−200,000→ 100,000 total→ Common Stock (200,000 underlying)
Footnotes (2)
- [F1]Restricted Stock Units (RSUs) were granted pursuant to Avistar Communications Corporation 2009 Incentive Equity Plan. Each RSU represents a contingent right to receive one share of Avistar's common stock. The RSUs vest 100% on December 8, 2011, two years after the awards being granted. Change of Control provision triggers 100% vesting. Termination without cause triggers pro rata vesting.
- [F2]Each restricted stock unit represents the right to receive, at settlement, one (1) share of common stock. This transaction represents the settlement of vested restricted stock units in shares of common stock.