Comshare, Inc. Stock Option Grant and Option Agreement with Kathryn A. Jehle

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Summary

Comshare, Inc. granted Kathryn A. Jehle several stock options under its 1988 Stock Option Plan, allowing her to purchase specified numbers of shares at set prices. The options vest in installments over several years and can be exercised up to certain expiration dates, even after her employment ends, as approved by the Board. The options were converted from Incentive Stock Options to Non-Qualified Stock Options to comply with regulations. The agreement is governed by Michigan law and is not transferable except by inheritance.

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EX-10.04 5 k62543ex10-04.txt NOTICES OF GRANT OF STOCK OPTIONS AND OPTION 1 EXHIBIT 10.04 - ---------------------------------------------------------------------------------------------------------------------- Comshare, Inc. NOTICE OF GRANT OF STOCK OPTIONS ID: 38-1804887 555 Briarwood Circle AND OPTION AGREEMENT Ann Arbor, MI 48108 - ---------------------------------------------------------------------------------------------------------------------- OPTIONEE: OPTION NUMBER: 00000284 KATHRYN A JEHLE PLAN: 1988 - ----------------------------------------------------------------------------------------------------------------------
Effective 11/6/1997, you were granted an Incentive Stock Option (ISO) to buy 9,000 shares of Comshare Common stock at $7.0000 per share. The total price for the shares granted under this Option is $63,000.00. Comshare's Board approved a special provision allowing you the right to continue to exercise your vested stock options following your termination of employment. You are eligible to exercise your vested options up to the expiration dates shown below. The status of your options was also changed from ISO to Non-Qualified Stock Options to comply with current regulations. Option shares will become vested in installments, on the dates set forth below:
SHARES VEST TYPE FULL VEST EXPIRATION ----------- --------------- ------------ ------------- 2,250 On Vest Date 11/6/1998 11/6/2002 2,250 On Vest Date 11/6/1999 11/6/2002 2,250 On Vest Date 11/6/2000 11/6/2002 2,250 On Vest Date 11/6/2001 11/6/2002
NOTE: All dates are shown in a month/day/year format. - ---------------------------------------------------------------------------------------------------------------------- As it becomes vested, this Option may be exercised in installments. This Option is not transferable except pursuant to the laws of descent and distribution, and any such transfer is subject to the provisions of the attached Stock Option Plan and this Option Agreement. The Stock Option Plan and this Option Agreement are governed by the laws of the State of Michigan. By signing below, both Comshare and the Optionee (on behalf of the Optionee and any transferee), agree to abide by the terms and provisions of this Option Agreement and the attached Stock Option Plan, as amended from time to time. - ---------------------------------------------------------------------------------------------------------------------- /s/ Brian Jarzynski 4/13/2001 - -------------------------------------------- --------------------------------- Comshare, Inc. Date Brian Jarzynski Vice President & Chief Financial Officer /s/ Kathryn A. Jehle 4/16/2001 - -------------------------------------------- --------------------------------- KATHRYN A. JEHLE Date Optionee
2 - ---------------------------------------------------------------------------------------------------------------------- Comshare, Inc. NOTICE OF GRANT OF STOCK OPTIONS ID: 38-1804887 555 Briarwood Circle AND OPTION AGREEMENT Ann Arbor, MI 48108 - ---------------------------------------------------------------------------------------------------------------------- OPTIONEE: OPTION NUMBER: 00000012 KATHRYN A JEHLE PLAN: 1988 - ----------------------------------------------------------------------------------------------------------------------
Effective 11/8/1996, you were granted an Incentive Stock Option (ISO) to buy 9,000 shares of Comshare Common stock at $14.8800 per share. The total price for the shares granted under this Option is $133,920.00. Comshare's Board approved a special provision allowing you the right to continue to exercise your vested stock options following your termination of employment. You are eligible to exercise your vested options up to the expiration dates shown below. The status of your options was also changed from ISO to Non-Qualified Stock Options to comply with current regulations. Option shares will become vested in installments, on the dates set forth below:
SHARES VEST TYPE FULL VEST EXPIRATION ----------- --------------- ------------ ------------- 2,250 On Vest Date 11/8/1997 11/8/2001 2,250 On Vest Date 11/8/1998 11/8/2001 2,250 On Vest Date 11/8/1999 11/8/2001 2,250 On Vest Date 11/8/2000 11/8/2001
NOTE: All dates are shown in a month/day/year format. - ---------------------------------------------------------------------------------------------------------------------- As it becomes vested, this Option may be exercised in installments. This Option is not transferable except pursuant to the laws of descent and distribution, and any such transfer is subject to the provisions of the attached Stock Option Plan and this Option Agreement. The Stock Option Plan and this Option Agreement are governed by the laws of the State of Michigan. By signing below, both Comshare and the Optionee (on behalf of the Optionee and any transferee), agree to abide by the terms and provisions of this Option Agreement and the attached Stock Option Plan, as amended from time to time. - ---------------------------------------------------------------------------------------------------------------------- /s/ Brian Jarzynski 4/13/2001 - -------------------------------------------- --------------------------------- Comshare, Inc. Date Brian Jarzynski Vice President & Chief Financial Officer /s/ Kathryn A. Jehle 4/16/2001 - -------------------------------------------- --------------------------------- KATHRYN A. JEHLE Date Optionee
3 - ---------------------------------------------------------------------------------------------------------------------- Comshare, Inc. NOTICE OF GRANT OF STOCK OPTIONS ID: 38-1804887 555 Briarwood Circle AND OPTION AGREEMENT Ann Arbor, MI 48108 - ---------------------------------------------------------------------------------------------------------------------- OPTIONEE: OPTION NUMBER: 00000329 KATHRYN A JEHLE PLAN: 1988 - ---------------------------------------------------------------------------------------------------------------------- Effective 6/26/1998, you were granted an Incentive Stock Option (ISO) to buy 15,000 shares of Comshare Common stock at $7.7500 per share. The total price for the shares granted under this Option is $116,250.00. Comshare's Board approved a special provision allowing you the right to continue to exercise your vested stock options following your termination of employment. You are eligible to exercise your vested options up to the expiration dates shown below. The status of your options was also changed from ISO to Non-Qualified Stock Options to comply with current regulations. Option shares will become vested in installments, on the dates set forth below:
SHARES VEST TYPE FULL VEST EXPIRATION ----------- --------------- ------------ ------------- 3,750 On Vest Date 6/26/1999 6/26/2003 3,750 On Vest Date 6/26/2000 6/26/2003 3,750 On Vest Date 6/26/2001 6/26/2003 3,750 On Vest Date 6/26/2002 6/26/2003
NOTE: All dates are shown in a month/day/year format. - ---------------------------------------------------------------------------------------------------------------------- As it becomes vested, this Option may be exercised in installments. This Option is not transferable except pursuant to the laws of descent and distribution, and any such transfer is subject to the provisions of the attached Stock Option Plan and this Option Agreement. The Stock Option Plan and this Option Agreement are governed by the laws of the State of Michigan. By signing below, both Comshare and the Optionee (on behalf of the Optionee and any transferee), agree to abide by the terms and provisions of this Option Agreement and the attached Stock Option Plan, as amended from time to time. - ---------------------------------------------------------------------------------------------------------------------- /s/ Brian Jarzynski 4/13/2001 - -------------------------------------------- --------------------------------- Comshare, Inc. Date Brian Jarzynski Vice President & Chief Financial Officer /s/ Kathryn A. Jehle 4/16/2001 - -------------------------------------------- --------------------------------- KATHRYN A. JEHLE Date Optionee
4 - ---------------------------------------------------------------------------------------------------------------------- Comshare, Inc. NOTICE OF GRANT OF STOCK OPTIONS ID: 38-1804887 555 Briarwood Circle AND OPTION AGREEMENT Ann Arbor, MI 48108 - ---------------------------------------------------------------------------------------------------------------------- OPTIONEE: OPTION NUMBER: 00000382 KATHRYN A JEHLE PLAN: 1998 - ----------------------------------------------------------------------------------------------------------------------
Effective 2/3/1999, you were granted an Incentive Stock Option (ISO) to buy 15,000 shares of Comshare Common stock at $3.5938 per share. The total price for the shares granted under this Option is $53,907.00. Comshare's Board approved a special provision allowing you the right to continue to exercise your vested stock options following your termination of employment. You are eligible to exercise your vested options up to the expiration dates shown below. The status of your options was also changed from ISO to Non-Qualified Stock Options to comply with current regulations. Option shares will become vested in installments, on the dates set forth below:
SHARES VEST TYPE FULL VEST EXPIRATION ----------- --------------- ------------ ------------- 3,750 On Vest Date 2/3/2000 2/3/2009 3,750 On Vest Date 2/3/2001 2/3/2009 3,750 On Vest Date 2/3/2002 2/3/2009 3,750 On Vest Date 2/3/2003 2/3/2009
NOTE: All dates are shown in a month/day/year format. - ---------------------------------------------------------------------------------------------------------------------- As it becomes vested, this Option may be exercised in installments. This Option is not transferable except pursuant to the laws of descent and distribution, and any such transfer is subject to the provisions of the attached Stock Option Plan and this Option Agreement. The Stock Option Plan and this Option Agreement are governed by the laws of the State of Michigan. By signing below, both Comshare and the Optionee (on behalf of the Optionee and any transferee), agree to abide by the terms and provisions of this Option Agreement and the attached Stock Option Plan, as amended from time to time. - ---------------------------------------------------------------------------------------------------------------------- /s/ Brian Jarzynski 4/13/2001 - -------------------------------------------- --------------------------------- Comshare, Inc. Date Brian Jarzynski Vice President & Chief Financial Officer /s/ Kathryn A. Jehle 4/16/2001 - -------------------------------------------- --------------------------------- KATHRYN A. JEHLE Date Optionee
5 - ---------------------------------------------------------------------------------------------------------------------- Comshare, Inc. NOTICE OF GRANT OF STOCK OPTIONS ID: 38-1804887 555 Briarwood Circle AND OPTION AGREEMENT Ann Arbor, MI 48108 - ---------------------------------------------------------------------------------------------------------------------- OPTIONEE: OPTION NUMBER: 00000531 KATHRYN A JEHLE PLAN: 1998 - ----------------------------------------------------------------------------------------------------------------------
Effective 6/24/1999, you were granted an Incentive Stock Option (ISO) to buy 20,000 shares of Comshare Common stock at $3.0938 per share. The total price for the shares granted under this Option is $61,876.00. Comshare's Board approved a special provision allowing you the right to continue to exercise your vested stock options following your termination of employment. You are eligible to exercise your vested options up to the expiration dates shown below. The status of your options was also changed from ISO to Non-Qualified Stock Options to comply with current regulations. Option shares will become vested in installments, on the dates set forth below:
SHARES VEST TYPE FULL VEST EXPIRATION ----------- --------------- ------------ ------------- 5,000 On Vest Date 6/24/2000 6/24/2009 5,000 On Vest Date 6/24/2001 6/24/2009 5,000 On Vest Date 6/24/2002 6/24/2009 5,000 On Vest Date 6/24/2003 6/24/2009
NOTE: All dates are shown in a month/day/year format. - ---------------------------------------------------------------------------------------------------------------------- As it becomes vested, this Option may be exercised in installments. This Option is not transferable except pursuant to the laws of descent and distribution, and any such transfer is subject to the provisions of the attached Stock Option Plan and this Option Agreement. The Stock Option Plan and this Option Agreement are governed by the laws of the State of Michigan. By signing below, both Comshare and the Optionee (on behalf of the Optionee and any transferee), agree to abide by the terms and provisions of this Option Agreement and the attached Stock Option Plan, as amended from time to time. - ---------------------------------------------------------------------------------------------------------------------- /s/ Brian Jarzynski 4/13/2001 - -------------------------------------------- --------------------------------- Comshare, Inc. Date Brian Jarzynski Vice President & Chief Financial Officer /s/ Kathryn A. Jehle 4/16/2001 - -------------------------------------------- --------------------------------- KATHRYN A. JEHLE Date Optionee
6 - ---------------------------------------------------------------------------------------------------------------------- Comshare, Inc. NOTICE OF GRANT OF STOCK OPTIONS ID: 38-1804887 555 Briarwood Circle AND OPTION AGREEMENT Ann Arbor, MI 48108 - ---------------------------------------------------------------------------------------------------------------------- OPTIONEE: OPTION NUMBER: 00000976 KATHRYN A JEHLE PLAN: 1998 - ---------------------------------------------------------------------------------------------------------------------- Effective 6/29/2000, you were granted an Incentive Stock Option (ISO) to buy 10,000 shares of Comshare Common stock at $4.6250 per share. The total price for the shares granted under this Option is $46,250.00. Comshare's Board approved a special provision allowing you the right to continue to exercise your vested stock options following your termination of employment. You are eligible to exercise your vested options up to the expiration dates shown below. The status of your options was also changed from ISO to Non-Qualified Stock Options to comply with current regulations. Option shares will become vested in installments, on the dates set forth below:
SHARES VEST TYPE FULL VEST EXPIRATION ----------- --------------- ------------ ------------- 2,500 On Vest Date 6/29/2001 6/29/2005 2,500 On Vest Date 6/29/2002 6/29/2005 2,500 On Vest Date 6/29/2003 6/29/2005 2,500 On Vest Date 6/29/2004 6/29/2005
NOTE: All dates are shown in a month/day/year format. - ---------------------------------------------------------------------------------------------------------------------- As it becomes vested, this Option may be exercised in installments. This Option is not transferable except pursuant to the laws of descent and distribution, and any such transfer is subject to the provisions of the attached Stock Option Plan and this Option Agreement. The Stock Option Plan and this Option Agreement are governed by the laws of the State of Michigan. By signing below, both Comshare and the Optionee (on behalf of the Optionee and any transferee), agree to abide by the terms and provisions of this Option Agreement and the attached Stock Option Plan, as amended from time to time. - ---------------------------------------------------------------------------------------------------------------------- /s/ Brian Jarzynski 4/13/2001 - -------------------------------------------- --------------------------------- Comshare, Inc. Date Brian Jarzynski Vice President & Chief Financial Officer /s/ Kathryn A. Jehle 4/16/2001 - -------------------------------------------- --------------------------------- KATHRYN A. JEHLE Date Optionee