Marino Raymond Victor II 4
4 · MISSION WEST PROPERTIES INC · Filed Mar 12, 2009
Insider Transaction Report
Form 4
Marino Raymond Victor II
DirectorPresident & COO
Transactions
- Award
Employee Stock Option (Right to Buy)
2009-03-06+300,000→ 0 totalExercise: $5.96Exp: 2015-03-31→ Common Stock (300,000 underlying) - Other
Employee Stock Option (Right to Buy)
2009-03-06−650,000→ 0 totalExercise: $6.14→ Common Stock (650,000 underlying) - Award
Employee Stock Option (Right to Buy)
2009-03-06+200,000→ 0 totalExercise: $5.96Exp: 2015-03-31→ Common Stock (200,000 underlying)
Footnotes (3)
- [F1]The Company's Compensation Committee rescinded the options to purchase a total of 650,000 shares of common stock granted on 11/19/2008 at an exercise price of $6.14 since the option grant was in excess of the number of options that can be granted by the Company in any calendar year under its 2004 Equity Incentive Plan.
- [F2]Options to purchase 75,000 shares of common stock vested on March 9, 2009. For the remainder balance, options to purchase 6,250 shares of common stock vest monthly from 4/1/09 to 3/31/12.
- [F3]Options to purchase 100,000 of common stock vested on March 9, 2009 for achievement of 2008 performance goals. The remainder options to purchase 100,000 shares of common stock will vest in 2009, subject to achievement of 2009 performance goals.