Cornwall G Bryan 4
4 · NUVASIVE INC · Filed Jun 16, 2006
Insider Transaction Report
Form 4
NUVASIVE INCNUVA
Cornwall G Bryan
VP, Research & Development
Transactions
- Sale
Common Stock
2006-06-15$16.00/sh−500$8,002→ 4,000 total - Exercise/Conversion
Common Stock
2006-06-15$3.75/sh+500$1,875→ 4,500 total - Exercise/Conversion
Stock Option (Right to Buy)
2006-06-15−500→ 35,334 totalExercise: $3.75Exp: 2014-01-19→ Common Stock (500 underlying)
Footnotes (3)
- [F1]The shares sold were acquired contemporaneously upon the cashless exercise of a stock option at an exercise price of $3.75 per share.
- [F2]The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 14, 2005.
- [F3]The option is immediately exercisable, but shares purchased upon exercise of such option are subject to repurchase by the Issuer at the option exercise price in the event the Reporting Person's services to the Issuer terminate prior to the date the shares vest. 25% of the total shares subject to the option vested on January 19, 2005, which was the first anniversary of the date of grant; the remaining shares vest in 36 equal monthly installments thereafter.