Epstein Stephen 4

Accession 0001425206-10-000001

CIK 0001111632other

Filed

Jun 16, 8:00 PM ET

Accepted

Jun 17, 8:44 PM ET

Size

21.0 KB

Accession

0001425206-10-000001

Form 4

Period: 2010-06-15

CMO

Transactions

Award
Incentive Stock Option (right to buy)
2010-06-15+197,605→ 321,078 total
Exercise: $0.55Exp: 2020-06-15→ Common Stock (197,605 underlying)
Award
Incentive Stock Option (right to buy)
2010-06-15+123,473→ 123,473 total
Exercise: $0.55Exp: 2020-06-15→ Common Stock (123,473 underlying)
Award
Non-Qualified Stock Option (right to buy)
2010-06-15+20,526→ 20,526 total
Exercise: $0.55Exp: 2020-06-15→ Common Stock (20,526 underlying)
Award
Non-Qualified Stock Option (right to buy)
2010-06-15+2,394→ 22,920 total
Exercise: $0.55Exp: 2020-06-15→ Common Stock (2,394 underlying)
Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2010-06-15−2,993→ 0 total
Exercise: $0.94Exp: 2018-01-23→ Common Stock (2,993 underlying)
Disposition to Issuer
Incentive Stock Option (right to buy)
2010-06-15−247,007→ 0 total
Exercise: $0.94Exp: 2018-01-23→ Common Stock (247,007 underlying)
Disposition to Issuer
Incentive Stock Option (right to buy)
2010-06-15−154,342→ 0 total
Exercise: $0.95Exp: 2019-04-15→ Common Stock (154,342 underlying)
Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2010-06-15−25,658→ 0 total
Exercise: $0.95Exp: 2019-04-15→ Common Stock (25,658 underlying)

Footnotes (4)

[F1]The option vests as to 34% of the shares on the first anniversary of the grant date, and as to 33% of the shares on each of the next yearly anniversaries of the grant date, so as to fully vested in 3 years, subject to continued service through each vesting date; provided, however, that the granted option fully vests and is exercisable as to 100% of the shares upon a change in control.
[F2]On June 15, 2010, the issuer canceled, pursuant to the issuer's option exchange program, the eligible unexercised options granted to the reporting person. In exchange for these canceled options, the reporting person received new options to purchase the issuer's Common Stock.
[F3]The option vests as to 50% of the shares on the first anniversary of the grant date, and as to 50% of the shares on the second year anniversary of the grant date, subject to continued service through each vesting date; provided, however, that the granted option fully vests and is exercisable as to 100% of the shares upon a change in control.
[F4]25% of the shares subject to the option shall become vested and exercisable one year after the date of grant and 1/16th of the sares subject to the option shall vest at the end of each three month period thereafter

Documents

1 file

AVISTAR COMMUNICATIONS CORP

CIK 0001111632

Entity typeother