Gerlitz Issachar S 4
4 · NESS TECHNOLOGIES INC · Filed Mar 15, 2010
Insider Transaction Report
Form 4
NESS TECHNOLOGIES INC(NSTC)
Gerlitz Issachar S
DirectorPresident and CEO
Transactions
- Award
Option (right to buy)
2010-03-11+400,000→ 400,000 totalExercise: $6.28Exp: 2017-03-11→ Common Stock, $.01 par value per share (400,000 underlying)
Footnotes (2)
- [F1]Actual exercise price per share is 23.42 Israeli New Shekels, which was exchangeable for approximately $6.28 as of the grant date.
- [F2]200,000 of these options will vest and become exercisable in three equal installments on each of March 11, 2011, March 11, 2012 and March 11, 2013. The other 200,000 of these options will vest in three equal installments on each of March 11, 2011, March 11, 2012 and March 11, 2013, but will only become exercisable if the closing price of the Company's common stock is $10.00 or more for at least 10 consecutive business days on or before March 11, 2013. If the closing price of the Company's common stock is not $10.00 or more for at least 10 consecutive business days on or before March 11, 2013, those 200,000 options will be forfeited on March 11, 2013.