TENFOLD CORP /UT 4
4 · TENFOLD CORP /UT · Filed Apr 7, 2004
Insider Transaction Report
Form 4
TENFOLD CORP /UTTENF
WALKER JEFFREY L
DirectorChairman, Chief Tech. Officer10% Owner
Transactions
- Award
Employee Stock Option (right to buy)
2004-02-04$3.80/sh+1,000,000$3,800,000→ 2,250,000 totalExercise: $3.80Exp: 2014-02-04→ Common Stock (1,000,000 underlying)
Footnotes (2)
- [F1]The options vest as follows: 500,000 shares vest on the grant date; 125,000 shares vest on the first anniversary of the grant date; and the remainder vests quarterly thereafter in equal installments of 31,250 shares each. Options shall become fully vested 5 days before a Change in Control. All unvested options shall immediately vest upon employee's Involuntary Termination, unless such termination is for Cause. Vested options may be exercised up to 2 years from termination of employment (but not to exceed 10 years from grant.)
- [F2]Reflects total amount of Employee Stock Options held by the reporting person.