DITECH COMMUNICATIONS CORP 4
4 · DITECH COMMUNICATIONS CORP · Filed Dec 6, 2004
Insider Transaction Report
Form 4
MONTGOMERY TIMOTHY K
DirectorPresident, CEO & Director
Transactions
- Exercise/Conversion
Common Stock
2004-12-02$7.19/sh+10,000$71,875→ 162,391 total - Sale
Common Stock
2004-12-02$15.30/sh−2,500$38,250→ 152,391 total - Sale
Common Stock
2004-12-02$15.96/sh−1,000$15,960→ 152,391 total - Sale
Common Stock
2004-12-02$16.06/sh−1,500$24,090→ 152,391 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2004-12-02−2,500→ 149,212 totalExercise: $7.19From: 2001-01-10Exp: 2011-01-10→ Common Stock (2,500 underlying) - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2004-12-02−1,500→ 136,712 totalExercise: $7.19From: 2001-01-10Exp: 2011-01-10→ Common Stock (1,500 underlying) - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2004-12-02−1,000→ 138,212 totalExercise: $7.19From: 2001-01-10Exp: 2011-01-10→ Common Stock (1,000 underlying) - Sale
Common Stock
2004-12-02$15.28/sh−10,000$152,838→ 152,391 total - Exercise/Conversion
Common Stock
2004-12-02$7.19/sh+1,000$7,188→ 153,391 total - Exercise/Conversion
Common Stock
2004-12-02$7.19/sh+1,500$10,781→ 153,891 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2004-12-02−10,000→ 151,712 totalExercise: $7.19From: 2001-01-10Exp: 2011-01-10→ Common Stock (10,000 underlying) - Exercise/Conversion
Common Stock
2004-12-02$7.19/sh+2,500$17,969→ 154,891 total
Holdings
- 23,180(indirect: By Spouse)
Common Stock
Footnotes (3)
- [F1]Securities sold pursuant to a 10b5-1 plan that enables an insider to establish a program to make transactions according to an advance plan. Such a program allows an insider to continue with planned transactions even if he or she comes into possession of material non-public information.
- [F2]The 23,180 shares of common stock of the company are indirectly held by his wife as custodian for Mr. Montgomery's children under the Uniform Gifts to Minor's Act.
- [F3]The option is immediately exercisable, subject to a repurchase option in favor of the Company which lapses over a four year period with 25% lapsing after the first year and monthly thereafter.