AvantGo, Inc. Stock Option Grant Notice to Richard Owen under 1997 Stock Option Plan

Summary

AvantGo, Inc. grants Richard Owen the option to purchase up to 1,800,000 shares of its common stock at $2.25 per share, under the 1997 Stock Option Plan. The option vests over four years, with 25% vesting after one year and the remainder vesting monthly. The option can be exercised immediately and must be exercised within 45 days after employment or consulting ends, but no later than January 25, 2010. The grant is subject to the terms of the Stock Option Plan and Agreement.

EX-10.10 21 0021.txt NOTICE OF STOCK OPTION GRANT TO RICHARD OWEN EXHIBIT 10.10 AVANTGO, INC. 1997 STOCK OPTION PLAN NOTICE OF STOCK OPTION GRANT ---------------------------- Richard Owen ****** You have been granted an option to purchase Common Stock ("Common Stock") ------------ of AvantGo, Inc. (the "Company") as follows: ------- Board Approval Date: January 25, 2000 Date of Grant (Later of Board Approval Date or Commencement of Employment/Consulting): January 25, 2000 Vesting Commencement Date: January 24, 2000 Exercise Price Per Share: $2.25 Total Number of Shares Granted: 1,800,000 Total Exercise Price: $4,050,000 Type of Option: X Incentive Stock Option ("ISO") --- ___ Nonstatutory Stock Option ("NSO") Term/Expiration Date: January 25, 2010 Vesting Schedule: This Option may be exercised immediately, in whole or in part, and shall vest in accordance with the following schedule: 25% of the Shares subject to the Option shall vest on the twelve (12) month anniversary of the Vesting Commencement Date and 1/48 of the total number of Shares subject to the Option shall vest on the January 24, 2000 of each month thereafter. ****** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. Termination Period: This Option may be exercised for 45 days after termination of employment or consulting relationship except as set out in Sections 6 and 7 of the Stock Option Agreement (but in no event later than the Expiration Date). By your signature and the signature of the Company's representative below, you and the Company agree that this Option is granted under and governed by the terms and conditions of the 1997 Stock Option Plan and the Stock Option Agreement, both of which are attached and made a part of this document. Richard Owen: AvantGo, Inc.: _______________________________ By:_______________________________ Signature _______________________________ __________________________________ Print Name Print Name and Title -2-