RAJAJI RAGHAVAN 4
4 · INTERNET SECURITY SYSTEMS INC/GA · Filed May 1, 2006
Insider Transaction Report
Form 4
RAJAJI RAGHAVAN
Sr. VP Finance & CFO
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2006-04-27+5,000→ 5,000 totalExercise: $21.78From: 2007-04-27Exp: 2013-04-26→ Common Stock (5,000 underlying) - Award
Common Stock
2006-04-27+45,000→ 71,000 total - Award
Common Stock
2006-04-27+1,000→ 26,000 total
Footnotes (3)
- [F1]Restricted shares of Common Stock vest in two installments, 50% 4-27-2008 and 50% 4-27-2009. The unvested shares are subject to forfeiture to the Company upon the Grantee's cessation of Service prior to vesting.
- [F2]Restricted shares of Common Stock vest (and the Restriction Period lapses) in one installment, 100% ten days preceding the seventh anniversary of the Grant Date. If occurring sooner, 100% of the restricted stock vests on the date the Company publicly announces results for a fiscal year when financial performance for such year and the preceding two years result in a three year moving average return on investment target. The unvested shares are subject to forfeiture upon the Grantee's cessation of Service prior to vesting.
- [F3]Option grant vests 25% on 4-27-2007 and 6.25 % quarterly thereafter until fully vested on 4-27-2010. The option terminates upon the Grantee's cessation of Service prior to vesting. For each grant, in the event of a change in control, vesting will accelerate under certain circumstances.