MurrayMetzger Elias Arthur 4

4 · AVISTAR COMMUNICATIONS CORP · Filed Jun 17, 2010

Insider Transaction Report

Form 4

Period: 2010-06-15

AVISTAR COMMUNICATIONS CORPAVSR

MurrayMetzger Elias Arthur

Acting Chief Financial Officer

Transactions

Award
Incentive Stock Option (right to buy)
2010-06-15+128,000→ 128,000 total
Exercise: $0.55Exp: 2020-06-15→ Common Stock (128,000 underlying)
Award
Incentive Stock Option (right to buy)
2010-06-15+7,000→ 225,829 total
Exercise: $0.55Exp: 2020-06-15→ Common Stock (7,000 underlying)
Disposition to Issuer
Incentive Stock Option (right to buy)
2010-06-15−12,000→ 0 total
Exercise: $1.25Exp: 2016-05-23→ Common Stock (12,000 underlying)
Disposition to Issuer
Incentive Stock Option (right to buy)
2010-06-15−20,000→ 0 total
Exercise: $1.60Exp: 2017-04-18→ Common Stock (20,000 underlying)
Award
Incentive Stock Option (right to buy)
2010-06-15+38,400→ 166,400 total
Exercise: $0.55Exp: 2020-06-15→ Common Stock (38,400 underlying)
Disposition to Issuer
Incentive Stock Option (right to buy)
2010-06-15−48,000→ 0 total
Exercise: $1.15Exp: 2019-01-21→ Common Stock (48,000 underlying)
Award
Incentive Stock Option (right to buy)
2010-06-15+8,400→ 218,829 total
Exercise: $0.55Exp: 2020-06-15→ Common Stock (8,400 underlying)
Disposition to Issuer
Incentive Stock Option (right to buy)
2010-06-15−160,000→ 0 total
Exercise: $0.95Exp: 2019-04-15→ Common Stock (160,000 underlying)
Award
Incentive Stock Option (right to buy)
2010-06-15+30,029→ 196,429 total
Exercise: $0.55Exp: 2020-06-15→ Common Stock (30,029 underlying)
Award
Incentive Stock Option (right to buy)
2010-06-15+14,000→ 210,429 total
Exercise: $0.55Exp: 2020-06-15→ Common Stock (14,000 underlying)
Disposition to Issuer
Incentive Stock Option (right to buy)
2010-06-15−60,058→ 0 total
Exercise: $0.86Exp: 2011-04-16→ Common Stock (60,058 underlying)
Disposition to Issuer
Incentive Stock Option (right to buy)
2010-06-15−10,000→ 0 total
Exercise: $1.73Exp: 2016-01-18→ Common Stock (10,000 underlying)

Footnotes (5)

[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]33.3% of the shares subject to the option shall become vested and excercisable 6 months after the date of the grant and 4.8% of the shares subject to the option shall vest at the end of each month thereaafter until the completion of the 20 month vesting period.
[F5]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

4
edgardoc.xmlPrimary
PRIMARY DOCUMENT