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NEWMAN PATRICIA MARGARET 4

Accession 0001308019-05-000001

CIK 0000931911other

Filed

Apr 10, 8:00 PM ET

Accepted

Apr 11, 3:58 PM ET

Size

10.5 KB

Accession

0001308019-05-000001

Insider Transaction Report

Form 4
Period: 2005-04-07
NEWMAN PATRICIA MARGARET
DirectorPresident and CEO
Transactions
  • Award

    Incentive Stock Option (Right to Buy)

    2005-04-07$3.22/sh+155,275$499,986185,275 total
    Exercise: $3.22Exp: 2010-04-07Common Stock (155,275 underlying)
  • Award

    Non-Qualified Stock Option (Right to Buy)

    2005-04-07$3.22/sh+44,725$144,01544,725 total
    Exercise: $3.22Exp: 2010-04-07Common Stock (44,725 underlying)
  • Award

    Common Stock (Restricted)

    2005-04-07+20,00020,000 total
Footnotes (3)
  • [F1]Grant to reporting person of exempt Rule 16b-3 option under the Westaff, Inc. 1996 Stock Option/Stock Issuance Plan, as amended and restated
  • [F2]The option will vest as follows: 31,055 on April 7, 2006, 31,055 on April 7, 2007, 31,055 on April 7, 2008, 31,055 on April 7, 2009 and any remaining shares that have not yet vested on April 7, 2010. The options shall become fully vested and exercisable if (i) Optionee is terminatd without cause or demoted within one year of the effective date of a Change in Control, a Corporate Transaction, or a Hostile Take-Over.
  • [F3]The options will vest as follows: 8,945 on April 7, 2006, 8,945 on April 7, 2007, 8,945 on April 7, 2008, 8,945 on April 7, 2009 and any remaining shares that have not yet vested on April 7, 2010. The options shall become fully vested and exercisable if (i) Optionee is terminated without cause or demoted within one year of the effective date of a Change in Control, a Corporate Transation, or a Hostile Take-Over.

Issuer

WESTAFF INC

CIK 0000931911

Entity typeother

Related Parties

1
  • filerCIK 0001308019

Filing Metadata

Form type
4
Filed
Apr 10, 8:00 PM ET
Accepted
Apr 11, 3:58 PM ET
Size
10.5 KB