Attached files
file | filename |
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EX-10.1 - EX-10.1 - Convio, Inc. | a11-6845_1ex10d1.htm |
EX-10.2 - EX-10.2 - Convio, Inc. | a11-6845_1ex10d2.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
February 28, 2011 (January 27, 2011)
Date of Report (Date of earliest event reported)
CONVIO, INC.
(Exact name of registrant as specified in its charter)
Delaware |
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001-34707 |
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74-2935609 |
(State of Incorporation) |
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(Commission File Number) |
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(IRS Employer |
11501 Domain Drive, Suite 200, Austin, Texas 78758
(Address of principal executive offices) (Zip Code)
(512) 652-2600
(Registrants telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02(e) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On January 27, 2011, the Compensation Committee (the Committee) of the Board of Directors (the Board) of Convio, Inc. (the Company) granted both nonstatutory stock options to purchase the Companys common stock and restricted stock units to certain of its officers, including its principal executive officer, principal financial officer and other named executive officers as follows:
Named Executive Officer |
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Title |
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Options to |
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Restricted |
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Gene Austin |
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Chief Executive Officer & President |
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100,000 |
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15,500 |
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James R. Offerdahl |
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Chief Financial Officer & Vice President of Administration |
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35,000 |
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5,500 |
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Vinay K. Bhagat |
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Chief Strategy Officer |
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33,000 |
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5,500 |
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Sara E. Spivey |
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Chief Marketing Officer |
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18,000 |
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3,000 |
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Randall N. Potts |
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Vice President of Sales |
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14,000 |
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2,500 |
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Each of the options issued to the above executive officers vests with respect to 25% of the shares on January 27, 2012, with the remaining 75% vesting monthly in equal installments over the following three years, such that the option is fully vested on January 27, 2015. Each of the restricted stock units issued to the above executive officers vests with respect to 25% of the shares on January 27, 2012, with the remaining 75% vesting annually in equal installments over the following three years, such that the restricted stock units are fully vested on January 27, 2015. The options and restricted stock units will also become fully vested in the event the executive officer is terminated without cause or resigns with good reason within 12 months following a change in control of the Company.
The options are exercisable at $9.00 per share, the closing price of the Companys common shares on the NASDAQ Global Market on the date of grant. The option grants were made under the Amended and Restated Convio, Inc. 2009 Stock Incentive Plan (the Plan) pursuant to the form of option grant that is attached hereto as Exhibit 10.1 and incorporated herein by reference. The restricted stock unit grants were made under the Plan pursuant to a new form of restricted stock units notice and agreement adopted by the Company, which are attached hereto as Exhibit 10.2 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
10.1 |
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Form of Nonstatutory Stock Option Notice (Double Trigger) |
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10.2 |
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Form of Restricted Stock Unit Notice (Double Trigger) and Agreement |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: February 28, 2011 |
By: |
/s/ JAMES R. OFFERDAHL |
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James R. Offerdahl |