PAJARES LUIS J 4
4 · AIRVANA INC · Filed Nov 6, 2009
Insider Transaction Report
Form 4
AIRVANA INCAIRV
PAJARES LUIS J
VP, Worldwide Sales & Services
Transactions
- Exercise/Conversion
Common Stock
2009-11-04$0.86/sh+32,771$28,347→ 33,214 total - Exercise/Conversion
Stock Option (right to buy)
2009-11-04−52,013→ 141,742 totalExercise: $0.86Exp: 2013-06-03→ Common Stock (52,013 underlying) - Exercise/Conversion
Common Stock
2009-11-04$0.86/sh+52,013$44,991→ 85,227 total - Sale
Common Stock
2009-11-04$6.04/sh−84,784$511,858→ 443 total - Exercise/Conversion
Stock Option (right to buy)
2009-11-04−32,771→ 508,758 totalExercise: $0.86Exp: 2013-06-02→ Common Stock (32,771 underlying)
Footnotes (3)
- [F1]Price reported represents the weighted average price of shares sold. Shares were sold at prices in the range of $6.00 - $6.80. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
- [F2]15% of the shares underlying this option vested on July 28, 2003, 5% of the shares underlying this option vested on July 28, 2004, and the remaining 80% of the shares underlying this option vested in 16 equal quarterly installments beginning on October 28, 2004.
- [F3]20% of the shares underlying this option vested on July 28, 2003, 5% of the shares underlying this option vested on July 28, 2004, and the remaining 75% of the shares underlying this option vested in 16 equal quarterly installments beginning on October 28, 2004.