STEVENS TIMOTHY 4
4 · BORLAND SOFTWARE CORP · Filed Oct 23, 2003
Insider Transaction Report
Form 4
STEVENS TIMOTHY
Sr. VP and General Counsel
Transactions
- Award
Stock Option (Right to Buy)
2003-10-22$8.35/sh+150,000$1,252,500→ 150,000 totalExercise: $8.35From: 2004-10-22Exp: 2013-10-22→ Common Stock (150,000 underlying)
Footnotes (1)
- [F1]The shares subject to this option grant vest as follows: 25% on October 22, 2004 and the remaining 75% upon the completion of each additional month of employment with Borland over the next 36 months of continued employment thereafter, with such vesting to accelerate 50% should Mr. Stevens' employment terminate, under the circumstances specified in his offer letter, within 12 months after a Change in Control of Borland (as such term is defined in the stock plan that relates to such option grant).