Madigan John 4
4 · AVIAT NETWORKS, INC. · Filed Sep 12, 2011
Insider Transaction Report
Form 4
Madigan John
VP, Corp. Controller and PAO
Transactions
- Award
Common Stock
2011-09-08+15,600→ 50,900 total - Award
Common Stock
2011-09-08+7,800→ 35,300 total - Award
Non-Qualified Stock Option (right to buy)
2011-09-08+48,069→ 48,069 totalExercise: $2.37Exp: 2018-09-08→ Common Stock (48,069 underlying)
Footnotes (3)
- [F1]Restricted shares, which are subject to vesting. Vesting requires continuing employment with the Corporation as of the vesting dates. Restricted shares will vest as follows: 33.3% on September 8, 2012, 33.3% on September 8, 2013 and 33.3% on September 8, 2014. Unvested shares are subject to repurchase by the Corporation at $0.01 per share if eligible employment ends before the vesting date.
- [F2]Restricted shares, which are subject to vesting. Vesting requires continuing employment with the Corporation as of the vesting date. Restricted shares will vest in full on September 8, 2012. Unvested shares are subject to repurchase by the Corporation at $0.01 per share if eligible employment ends before the vesting date.
- [F3]Stock options to purchase shares become exercisable if employment with the Corporation continues through the vesting dates. The options will vest as follows: 50% on September 8, 2012, 25% on September 8, 2013 and 25% on September 8, 2014.