POSSIS MEDICAL INC 4
4 · POSSIS MEDICAL INC · Filed Jan 4, 2008
Insider Transaction Report
Form 4
MCFARLIN WHITNEY A
Director
Transactions
- Award
Common Stock
2008-01-02+528→ 4,118 total - Award
Stock Option - right to buy
2008-01-02$7.11/sh+3,378$24,001→ 3,378 totalExercise: $7.11From: 2008-07-02Exp: 2013-01-02→ Common Stock (3,378 underlying) - Award
Stock Option - right to buy
2008-01-02$14.21/sh+4,000$56,840→ 4,000 totalExercise: $14.21From: 2009-01-02Exp: 2013-01-02→ Common Stock (4,000 underlying)
Footnotes (3)
- [F1]Restricted stock granted pursuant to the Issuer's Board of Director Compensation Program that vests in full one year following the date of grant.
- [F2]Of the total number of shares granted, 50% vest and become exercisable on 7/2/2008 and the remaining 50% vest and become exercisable on 1/2/2009.
- [F3]This option grant provides for accelerated vesting in the event that specified price targets are met and maintained for five consecutive business days. The accelerated vesting schedule provides that 33% of the total grant shall vest and become exercisable in the event that the stock price appreciates 20% to $17.05; an additional 33% vests and becomes exercisable in the event that the stock price appreciates 40% to $19.81; and the final 33% vests and becomes exercisable in the event that the stock price appreciates 60% to $22.74.