Kuby Eric 4
4 · PEERLESS SYSTEMS CORP · Filed Nov 22, 2010
Insider Transaction Report
Form 4
Kuby Eric
Director10% Owner
Transactions
- Purchase
Options to acquire common stock
2010-11-11+10,000→ 10,000 totalExercise: $3.02Exp: 2020-11-11→ Common stock (10,000 underlying)
Footnotes (2)
- [F1]Twenty-five percent (25%) of the shares subject to such option shall vest and become exercisable on November 11, 2011 (the completion of one year of service measured from the grant date). The balance of the shares subject to such option shall vest and become exercisable in a series of thirty-six (36) successive equal monthly installments upon completion of each additional month of service until all of the options are vested.
- [F2]All options were received in consideration for Mr. Kuby's service as a director of the Company.