AvantGo, Inc. Nonstatutory Stock Option Grant to Jeff Webber under 1997 Stock Option Plan

Summary

AvantGo, Inc. has granted Jeff Webber a nonstatutory stock option to purchase 40,000 shares of its common stock at $2.25 per share, with a total exercise price of $90,000. The option vests over time, with 1/6th vesting after six months and the remainder vesting monthly, and becomes fully vested if Jeff is terminated after certain company transactions. The option must be exercised within 45 days of ending employment or consulting, and is governed by the company's 1997 Stock Option Plan and Stock Option Agreement.

EX-10.12 23 0023.txt NOTICE OF STOCK OPTION GRANT TO JEFF WEBBER Exhibit 10.12 AVANTGO, INC. 1997 STOCK OPTION PLAN NOTICE OF STOCK OPTION GRANT ---------------------------- Jeff Webber R.B. Webber & Co. 1717 Embarcadero Road, #2000 Palo Alto, CA 94303 You have been granted an option to purchase Common Stock ("Common Stock") ------------ of AvantGo, Inc. (the "Company") as follows: ------- Board Approval Date: October 19, 1999 Date of Grant (Later of Board Approval Date or Commencement of Employment/Consulting): October 19, 1999 Vesting Commencement Date: October 19, 1999 Exercise Price Per Share: $ 2.25 Total Number of Shares Granted: 40,000 Total Exercise Price: $90,000 Type of Option: ____ Incentive Stock Option ("ISO") --- X Nonstatutory Stock Option ("NSO") ---- --- Term/Expiration Date: October 18, 2009 Vesting Schedule: This Option may be exercised immediately, in whole or in part, and shall vest in accordance with the following schedule: 1/6th of the Shares subject to the Option shall vest and become exercisable on the six (6) month anniversary of the Vesting Commencement Date; and 1/36th of the total number of Shares subject to the Option shall vest on the 19th of each month thereafter; provided, however, that 100% of the Shares subject to this option shall become vested and immediately exercisable if the Optionee is terminated immediately following a transaction pursuant to Section 11(c) of the 1997 Stock Option Plan. 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. Jeff Webber: AvantGo, Inc.: _______________________________ By: __________________________________ Signature _______________________________ ______________________________________ Print Name Print Name and Title -2-