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PDLI » Topics » Option Exercises and Stock Vested in 2006

This excerpt taken from the PDLI DEF 14A filed May 17, 2007.

Option Exercises and Stock Vested in 2006

The following table lists the number of shares of our common stock acquired upon exercise of options by each named executive officer during 2006 and the number of shares of restricted common stock held by each named executive officer that vested during 2006.

 

     Option Awards    Stock Awards

Name

   

Number of

Shares

Acquired

on Exercise

(#)

   

Value Realized

on Exercise(1)

($)

   

Number of

Shares

Acquired

on Vesting

(#)

    

Value Realized

on Vesting(2)

($)

Mark McDade

    100,000    $ 2,108,382    15,000 (3)   $ 261,000

Andrew Guggenhime

    —        —      —         —  

Richard Murray

    15,000    $ 348,422    4,050 (4)   $ 70,470

David Iwanicki

    44,742    $ 556,817    —         —  

Peter Calcott

    —        —      625     $ 12,713

(1)

Value realized on exercise equals the aggregate differences between the market price and the exercise price at the time of each option exercise.

(2)

Value realized on vesting equals the market value of the shares that vested on the vesting date.

(3)

Of the 15,000 restricted shares that vested in 2006, 6,863 were cancelled to satisfy withholding tax obligations that arose on the vesting date.

(4)

Of the 4,050 restricted shares that vested in 2006, 1,448 were cancelled to satisfy withholding tax obligations that arose on the vesting date.

 

35

Table of Contents
This excerpt taken from the PDLI 10-K filed Apr 30, 2007.

Option Exercises and Stock Vested in 2006

The following table lists the number of shares of our common stock acquired upon exercise of options by each named executive officer during 2006 and the number of shares of restricted common stock held by each named executive officer that vested during 2006.

 

     Option Awards    Stock Awards

Name

   

Number of

Shares

Acquired

on Exercise

(#)

   

Value Realized

on Exercise(1)

($)

   

Number of

Shares

Acquired

on Vesting

(#)

    

Value Realized

on Vesting(2)

($)

Mark McDade

    100,000    $ 2,108,382    15,000 (3)   $ 261,000

Andrew Guggenhime

    —        —      —         —  

Richard Murray

    15,000    $ 348,422    4,050 (4)   $ 70,470

David Iwanicki

    44,742    $ 556,817    —         —  

Peter Calcott

    —        —      625     $ 12,713
(1) Value realized on exercise equals the aggregate differences between the market price and the exercise price at the time of each option exercise.
(2) Value realized on vesting equals the market value of the shares that vested on the vesting date.
(3) Of the 15,000 restricted shares that vested in 2006, 6,863 were cancelled to satisfy withholding tax obligations that arose on the vesting date.
(4) Of the 4,050 restricted shares that vested in 2006, 1,448 were cancelled to satisfy withholding tax obligations that arose on the vesting date.

 

23

EXCERPTS ON THIS PAGE:

DEF 14A
May 17, 2007
10-K
Apr 30, 2007

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