WebSideStory, Inc. Stock Option Grant Notice to Terance Kinninger (2000 Equity Incentive Plan)

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Summary

WebSideStory, Inc. grants Terance Kinninger an option to purchase 825,000 shares of its common stock at $0.34 per share under the 2000 Equity Incentive Plan. The option is an incentive stock option, vests according to the terms in Kinninger's employment agreement, and expires on April 9, 2010. Payment for shares can be made by cash, check, or other specified methods. The agreement is subject to the terms of the Plan and the attached Stock Option Agreement and Notice of Exercise.

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EX-10.22 4 0004.txt EXHIBIT 10.22 1 EXHIBIT 10.22 WEBSIDESTORY, INC. STOCK OPTION GRANT NOTICE (2000 EQUITY INCENTIVE PLAN) WebSideStory, Inc. (the "Company"), pursuant to its 2000 Equity Incentive Plan (the "Plan"), hereby grants to Optionholder an option to purchase the number of shares of the Company's Common Stock set forth below. This option is subject to all of the terms and conditions as set forth herein and in the Plan (a copy of which has been made available to all employees), and in the Notice of Exercise and Stock Option Agreement, both of which are attached hereto and incorporated herein in their entirety. Optionholder: Terance Kinninger Date of Grant: April 10, 2000 Vesting Commencement Date: April 10, 2000 Number of Shares Subject to Option: 825,000 Exercise Price (Per Share): $0.34 Total Exercise Price: $280,500.00 Expiration Date: 04/09/2010
TYPE OF GRANT: [X] Incentive Stock Option(1) [ ] Nonstatutory Stock Option EXERCISE SCHEDULE: [X] Same as Vesting Schedule [ ] Early Exercise Permitted VESTING SCHEDULE: Vesting as provided in employment agreement with employee. PAYMENT: By one or a combination of the following items (described in the Stock Option Agreement): By cash or check Pursuant to a Regulation T Program if the Shares are publicly traded By delivery of already-owned shares if the Shares are publicly traded ADDITIONAL TERMS/ACKNOWLEDGEMENTS: The undersigned Optionholder acknowledges receipt of, and understands and agrees to, this Grant Notice, the Stock Option Agreement and the Plan. Optionholder further acknowledges that as of the Date of Grant, this Grant Notice, the Stock Option Agreement and the Plan set forth the entire understanding between Optionholder and the Company regarding the acquisition of stock in the Company and supersede all prior oral and written agreements on that subject with the exception of (i) options previously granted and delivered to Optionholder under the Plan, and (ii) the following agreements only: OTHER AGREEMENTS: ---------------------------------------- ---------------------------------------- WEBSIDESTORY, INC. OPTIONHOLDER: By: /s/ MICHAEL CHRISTIAN /s/ TERANCE KINNINGER ------------------------------------- ------------------------------------ Signature Signature Title: Senior Vice President Date: April 10, 2000 ---------------------------------- ------------------------------- Date: April 10, 2000 ----------------------------------- ATTACHMENTS: Stock Option Agreement, 2000 Equity Incentive Plan and Notice of Exercise - -------- (1) If this is an incentive stock option, it (plus your other outstanding incentive stock options) cannot be first exercisable for more than $100,000 in any calendar year. Any excess over $100,000 is a nonstatutory stock option. 2 ATTACHMENT I STOCK OPTION AGREEMENT 3 ATTACHMENT II 2000 EQUITY INCENTIVE PLAN See company Intranet. 4 ATTACHMENT III NOTICE OF EXERCISE