Ramsden Edward 4
4 · PEERLESS SYSTEMS CORP · Filed Jun 24, 2010
Insider Transaction Report
Form 4
Ramsden Edward
Director
Transactions
- Award
Options to acquire common stock
2010-06-23+30,000→ 30,000 totalExercise: $2.77Exp: 2020-06-23→ Common stock (30,000 underlying)
Footnotes (2)
- [F1]Twenty-five percent (25%) of the shares subject to such option shall vest and become exercisable on June 23, 2011 (the completion of one year of service measured from the grant date). The balance of the shares subject to such option shall vest and become exercisable in a series of thirty-six (36) successive equal monthly installments upon completion of each additional month of service until all of the options are vested.
- [F2]All options were received in consideration for Mr. Ramsden's service as a director of the Company.