REDMOND SEAN 4
4 · VERISITY LTD · Filed Jun 1, 2004
Insider Transaction Report
Form 4
VERISITY LTDVRST
REDMOND SEAN
Vice President, Sales
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2004-05-27$5.40/sh+35,000$189,000→ 35,000 totalExercise: $5.40From: 2005-05-27Exp: 2014-05-27→ Ordinary Shares (35,000 underlying)
Holdings
- 938
Non-Qualified Stock Option (right to buy)
Exercise: $2.80Exp: 2010-01-19→ Ordinary Shares (938 underlying) - 25,000
Non-Qualified Stock Option (right to buy)
Exercise: $9.45Exp: 2013-04-15→ Ordinary Shares (25,000 underlying) - 15,000
Non-Qualified Stock Option (right to buy)
Exercise: $13.34Exp: 2012-09-03→ Ordinary Shares (15,000 underlying) - 10,000
Non-Qualified Stock Option (right to buy)
Exercise: $14.25Exp: 2011-07-18→ Ordinary Shares (10,000 underlying) - 5,000
Non-Qualified Stock Option (right to buy)
Exercise: $18.90Exp: 2012-04-17→ Ordinary Shares (5,000 underlying)
Footnotes (3)
- [F1]ISO and NQ options granted on the same day will vest collectively. Options granted the same day are exercisable as follows: 25% on the exercisable date and 1/48th monthly thereafter.
- [F2]Mr. Redmond also has other derivative securities directly beneficially owned as reported on his Form 4 statement dated April 23, 2003.
- [F3]The option is exercisable as follows: 25% on the first anniversary of the option grant date and 1/48th monthly thereafter. The option grant date is exactly 10 years prior to the expiration date of the option.