IDEX – Mandatory notice of trade
IDEX ASA (“IDEX”) issues this notice on behalf certain primary insiders in the company.
On 10 April 2011, the following primary insiders received incentive subscription rights (“SRs”) under the company’s 2010 subscription rights incentive programme. The exercise price of the SRs is NOK 1.96 per share. 25 per cent of the SRs vest on each anniversary from the date of the grant. The SRs expire on 11 May 2015.
Ralph W. Bernstein, CEO, received 500,000 incentive subscription rights. After the transaction, Mr. Bernstein holds or controls 177,319 shares, 157,319 warrants and 2,731,963 subscription rights in IDEX.
John Raymond (Jack) Robinson, VP of sales and marketing, received 250,000 incentive subscription rights. After the transaction, Mr. Robinson holds or controls 1,100,000 subscription rights in IDEX. Mr. Robinson does not hold shares or warrants in IDEX.
Erling Svela, CFO, received 640,000 incentive subscription rights. After the transaction, Mr. Svela holds or controls 706,666 subscription rights in IDEX. Mr. Svela does not hold shares or warrants in IDEX.
11 April 2011
IDEX ASA
