Lautz Matthew 4
4 · NOVATION COMPANIES, INC. · Filed Oct 4, 2012
Insider Transaction Report
Form 4
Lautz Matthew
VP & Chief Information Officer
Transactions
- Award
Employee Stock Option (Right to Buy)
2012-10-03+200,000→ 275,000 totalExercise: $0.60Exp: 2022-10-03→ Common Stock (200,000 underlying)
Footnotes (1)
- [F1]75,000 shares immediately upon grant on October 3, 2012; 50,000 shares on the successful completion of certain performance targets on or prior to October 3, 2013 (as determined by the Compensation Committee of the Board of Directors (the "Committee"), in its sole discretion,but in any case not vesting prior to October 3, 2013); and 75,000 on the achievement of certain financial targets on or prior to October 3, 2015, (as determined by the Committee, in its sole discretion, but in any case not vesting prior to October 3, 2013).