Cranmer Laura L. 4
4 · AIRVANA INC · Filed Apr 13, 2010
Insider Transaction Report
Form 4
AIRVANA INCAIRV
Cranmer Laura L.
Vice President of Operations
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2010-04-09$2.86/sh−75,000$214,500→ 0 totalExercise: $4.79Exp: 2018-10-27→ Common Stock (75,000 underlying)
Footnotes (1)
- [F1]This option, which provided for vesting as to 25% of the shares subject to this option on October 28, 2009 and an additional 6.25% of the shares to vest at the end of each three-month period thereafter until the fourth anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $214,500 representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($7.65 per share).