ZWERNER JEFFREY S 4
4 · PALM INC · Filed Aug 7, 2009
Insider Transaction Report
Form 4
PALM INCPALM
ZWERNER JEFFREY S
SVP Brand Design
Transactions
- Award
Common Stock
2009-08-06$0.00/sh+10,000$10→ 10,000 total - Award
Non-Qualified Stock Option (right to buy)
2009-08-06+300,000→ 300,000 totalExercise: $14.76From: 2010-08-06Exp: 2016-08-06→ Common Stock (300,000 underlying)
Footnotes (2)
- [F1]The grant represents performance shares that vest over four years from the grant date, 25% on each anniversary of the grant date. Vested shares will be delivered after the vest date.
- [F2]The stock option becomes exercisable 25% on the one-year anniversary of the grant date and then monthly over the subsequent three years.