MacIntyre Nancy 4
4 · LEAPFROG ENTERPRISES INC · Filed May 19, 2009
Insider Transaction Report
Form 4
MacIntyre Nancy
EVP Product Innovation & Mktg
Transactions
- Award
Nonqualified Stock Option (right to buy)
2009-05-15+200,000→ 200,000 totalExercise: $2.75Exp: 2019-05-15→ Class A Common (200,000 underlying)
Footnotes (2)
- [F1]Granted under Issuer's 2002 Equity Incentive Plan.
- [F2]The option becomes exercisable, if at all, when the average closing price of the Company's Class A common stock on the NYSE across all trading days during a consecutive 90-day period that occurs after the grant date and during the term of the option equals or exceeds $4.00 per share (such condition of vesting, the "Price Condition"). In addition, subject to the Price Condition, the option will vest over four years as follows: 25% of the option shares will vest on May 15, 2010 with the remaining option shares vesting in 36 equal monthly installments commencing June 15, 2010. Any option shares that would, but for the Price Condition, have vested according to the vesting schedule above, will vest when the Price Condition is met.