YOUNG DAVID A 4
4 · SOMERA COMMUNICATIONS INC · Filed Nov 4, 2003
Insider Transaction Report
Form 4
YOUNG DAVID A
Director
Transactions
- Award
Common Stock
2003-11-01$0.00/sh+15,000$15→ 15,000 total - Award
Option to Purchase, Common Stock
2003-11-03+50,000→ 50,000 totalExercise: $1.52Exp: 2013-11-03→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]The shares are subject to a repurchase option held by issuer. Such repurchase option lapses as to 1/16th of the shares each three (3) month period following the date of grant, such that all of the shares will be released from such repurchase option on November 1, 2007, assuming the reporting person's continued service with the issuer on each such date.
- [F2]The option shall vest and become exercisable to the extent of 25% of the shares subject to such option on the twelve (12) month anniversary following November 3, 2003, and 1/48th of shares subject to such option each month thereafter.
- [F3]Price of derivative security will be determined at a later date.