UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Options (Right to Buy) | 05/01/2007(2) | 05/01/2012 | Common Stock | 5,000 | $ 15.72 | D | Â |
Stock Options (Right to Buy) | 12/13/2007(2) | 12/13/2012 | Common Stock | 14,000 | $ 10.15 | D | Â |
Restricted Stock Units | 05/10/2007(6) | 05/10/2010(4) | Common Stock | 3,000 | $ (5) | D | Â |
Restricted Stock Units | 11/20/2007(3) | 11/20/2010(4) | Common Stock | 2,000 | $ (5) | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
MILLAGE LINDA 2525 AUGUSTINE DRIVE SANTA CLARA, CA 95054 |
 |  |  Interim Principal Acctg Off. |  |
/s/ Jeffrey Lin, Attorney-in-Fact | 06/21/2007 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | These shares were acquired under the Company's 1997 Employee Stock Purchase Plan |
(2) | 25% of the total number of shares become exercisable on this date and an additional 1/48th of the total number of shares become exercisable each month thereafter |
(3) | 25% of the Restricted Stock Units vest on this date and 25% will vest each year thereafter to be fully vested in four (4) years |
(4) | Restricted Stock Units fully vest on this date |
(5) | Each Restricted Stock Unit represents a contingent right to receive one share of GNSS common stock |
(6) | 25% of the Restricted Stock Units vest on this date and 1/16th will vest quarterly to be fully vested in four (4) years |