NOVELL INC 4
4 · NOVELL INC · Filed Dec 20, 2007
Insider Transaction Report
Form 4
NOVELL INCNOVL
FRIEDMAN ALAN J
Sr. VP - People
Transactions
- Award
Stock Option (right to buy)
2007-12-18+48,642→ 48,642 totalExercise: $6.71Exp: 2015-12-18→ Common Stock (48,642 underlying) - Award
Common Stock
2007-12-18+17,511→ 72,633 total
Footnotes (2)
- [F1]Represents shares of common stock that may be issued upon the vesting of a like number of restricted stock units granted on December 18, 2007. As restricted stock units vest, the vested units are automatically converted to vested common stock on a one-for-one basis without payment of additional consideration on the vesting date. The units vest in four equal installments on December 18, 2008, December 18, 2009, December 18, 2010 and December 18, 2011.
- [F2]Of these securities, 25% vest on December 18, 2008, and 2.0833% vest monthly thereafter so that the options are fully vested on December 18, 2011.