This excerpt taken from the MSCS 8-K filed Jul 16, 2007.
Named Executive Officer
Glenn R. Wienkoop, President and Chief Operating Officer:
John A. Mongelluzzo, Executive Vice President, Business Administration, Legal Affairs and Secretary:
Sam M. Auriemma, Executive Vice President and Chief Financial Officer:
These NQSO are subject to the terms of the Companys 2006 Performance Incentive Plan (the Plan) and the MSC.Software Corporation 2006 Performance Incentive Plan Nonqualified Stock Option Agreement (form of agreement is hereby attached as Exhibit 10.1). The above referenced NQSO grants will vest in four (4) equal annual installments beginning on the first (1) anniversary date of the grants and all unexercised options will terminate on the tenth (10) anniversary date of the grants. In accordance with the Plan the exercise price was set at the close of business on July 10, 2007 at $13.61 per share.