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Silicon Image Inc. (SIMG) Message Board

  • Acapulcobob Acapulcobob Jan 10, 2005 7:03 PM Flag

    8-K out = Options at 15.48

    10-Jan-2005

    Entry Material Agreement, Financial Statements and Exhibits



    ITEM 1.01. Entry into a Material Definitive Agreement.
    Effective January 4, 2005, the Compensation Committee of the Board of Directors of Silicon Image, Inc. ("Silicon Image") granted option grants to purchase shares of common stock of Silicon Image for certain of its executive officers (the "Executive Option Grants"). The Executive Option Grants are made pursuant to Silicon Image's 1999 Equity Incentive Plan, which has been approved by Silicon Image's stockholders.

    Pursuant to the Executive Option Grants Silicon Image granted options to purchase an aggregate of 465,000 shares of Silicon Image common stock. All shares being issued pursuant to the Executive Option Grants have an exercise price of $15.48, the closing price of Silicon Image's common stock on the Nasdaq National Market on the effective date of the grants

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    • Yes, now we will have slight bounce and than Death Spiral will occure. This is just perfect setting as it usualy is just before bad news annoucement. They will sell all very soon.
      Wow, this will be fun at end of the week.lol

      Super and Very Super Strong Sell!!!!!!!

    • Ok, So what are you trying to convey?

      Thanks in advance
      A KINDER MORE GENTAL PIG :0)

    • Information on the Executive Option Grants is as follows:


      Named Executive Expiration of
      Officer/Position Shares Vesting Schedule* Exercise Price Option
      Robert Bagheri 75,000 13.3% by January 4, 2006; $15.48 01/03/2015
      Executive Vice 13.3% by January 4, 2007;
      President, 40.0% by January 4, 2008;
      Operations 13.3% by January 4, 2009; and
      20.0% by January 4, 2010
      John LeMoncheck 150,000 20.0% by January 4, 2006; $15.48 01/03/2015
      Vice President, 10.0% by January 4, 2007;
      Consumer 33.3% by January 4, 2008;
      Electronics Products 16.7% by January 4, 2009; and
      and PC/Display 20.0% by January 4, 2010
      Businesses
      J. Duane Northcutt 120,000 25.0% by January 4, 2006; $15.48 01/03/2015
      Chief Technology 25.0% by January 4, 2007;
      Officer 16.7% by January 4, 2008;
      16.7% by January 4, 2009; and
      16.7% by January 4, 2010
      Steve Tirado 120,000 Vesting for this grant begins $15.48 01/03/2015
      Division President, January 5, 2007; 8.3% by
      Storage Group January 4, 2008; 58.3% by
      January 4, 2009; and 33.3% by
      January 4, 2010
      TOTAL 465,000