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GLOBAL TRAFFIC NETWORK, INC.·4

Mar 3, 5:55 PM ET

BENSON GARY 4

4 · GLOBAL TRAFFIC NETWORK, INC. · Filed Mar 3, 2011

Insider Transaction Report

Form 4
Period: 2011-03-01
GLOBAL TRAFFIC NETWORK, INC.GNET
BENSON GARY
Director
Transactions
  • Award

    Common Stock

    2011-03-01+10,000→ 70,000 total
Holdings

  • Common Stock

    (indirect: By LLC)
    52,000

  • Stock Options (right to buy)

    Exercise: $5.00Exp: 2016-03-23→ Common Stock (50,000 underlying)
    50,000
Footnotes (4)
  • [F1]A limited liability company, of which the sole member is a trust for the benefit of the Reporting Person's spouse. Neither the Reporting Person, nor his spouse are the trustee of such trust.
  • [F2]Grant of restricted stock. Restrictions lapse as to 3,334 shares on March 1, 2012 and as to 3,333 shares on each of March 1, 2013 and March 1, 2014.
  • [F3]In addition to the current grant, includes prior grants of restricted stock, with restrictions that lapsed as to 6,667 shares on February 20, 2009 and February 20, 2010 and with respect to 6,666 shares on February 20, 2011; and restrictions that lapsed as to 6,667 shares on February 26, 2010 and with respect to 6,667 shares on February 26, 2011, and will lapse with respect to 6,666 shares on February 26, 2012; and restrictions that will lapse as to 6,667 shares on each of March 3, 2011 and March 3, 2012, and as to 6,666 shares on March 3, 2013.
  • [F4]Options vest in equal increments over three years beginning on the first anniversary of the date of grant.

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