Ragland Alvin G 4
4 · TEKELEC · Filed Jul 12, 2005
Insider Transaction Report
Form 4
TEKELECTKLC
Ragland Alvin G
Sr. VP, Human Resources
Transactions
- Award
Restricted Stock Unit
2005-07-11+5,000→ 5,000 totalExp: 2009-08-14→ Common Stock (5,000 underlying) - Award
Employee Stock Option (right to buy)
2005-07-11+60,000→ 60,000 totalExercise: $17.34Exp: 2013-06-30→ Common Stock (60,000 underlying)
Holdings
- 0
Common Stock
Footnotes (3)
- [F1]Option to purchase 60,000 shares vests and becomes exercisable as to 15,000 shares on the one-year anniversary of the grant date and the remaining 45,000 shares vest and become exercisable in 12 equal quarterly installments commencing 09/30/06. Option is exercisable as to each installment of vested shares for a period of four years following the vesting date.
- [F2]Restricted Stock Unit converts to common stock on a one-for-one basis.
- [F3]Each Restricted Stock Unit represents the right to receive one share of Tekelec Common Stock. The Restricted Stock Units will vest (and shares will be issued) as to 1,250 shares on the one-year anniversary of the grant date, and the remaining 3,750 shares will vest (and shares will be issued) in 12 equal quarterly installments commencing on 9/30/06.