Jaffe Jeffrey M 4
4 · NOVELL INC · Filed Dec 15, 2009
Insider Transaction Report
Form 4
NOVELL INCNOVL
Jaffe Jeffrey M
Exec. Vice President & CTO
Transactions
- Exercise/Conversion
Common Stock
2009-12-12+3,788→ 211,286 total - Exercise/Conversion
Restricted Stock Units
2009-12-12−3,788→ 3,789 total→ Common Stock (3,788 underlying) - Tax Payment
Common Stock
2009-12-12$4.08/sh−1,281$5,226→ 210,005 total - Tax Payment
Common Stock
2009-12-12$4.08/sh−323$1,318→ 209,682 total
Footnotes (4)
- [F1]Represents shares withheld to satisfy tax liability of the reporting person upon the vesting of 3,788 shares under a Restricted Stock Unit award.
- [F2]Represents shares withheld to satisfy tax liability of the reporting person upon the vesting of 979 shares under a Restricted Stock Purchase award.
- [F3]Each restricted stock unit represents the contingent right to one share of Novell common stock.
- [F4]The 15,153 restricted stock units granted on December 12, 2006 vest 25% on December 12, 2007, December 12, 2008, December 12, 2009 and December 12, 2010. 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.