O'Keefe Colleen A 4
4 · NOVELL INC · Filed Dec 7, 2009
Insider Transaction Report
Form 4
NOVELL INCNOVL
O'Keefe Colleen A
Senior VP of Services
Transactions
- Exercise/Conversion
Common Stock
2009-12-04+33,334→ 156,650 total - Exercise/Conversion
Restricted Stock Units
2009-12-04−33,334→ 0 total→ Common Stock (33,334 underlying) - Tax Payment
Common Stock
2009-12-04$4.04/sh−10,584$42,759→ 146,066 total
Footnotes (3)
- [F1]Represents shares withheld to satisfy the tax liability of the reporting person upon the vesting of 33,334 shares under a Restricted Stock Unit.
- [F2]Each restricted stock unit represented the contingent right to one share of Novell common stock.
- [F3]The 100,000 restricted stock units granted on December 4, 2006 vested 33% on December 4, 2007, December 4, 2008 and December 4, 2009. As restricted stock units vest, the vested units are automatically converted to vested common stock on a one-for-one basis on the vesting date.