Exercise of employee share options in Opera Software ASA
1. Participants in the Company’s share option program have on December 8th 2011 exercised a total number of 404 999 options. Following the exercise, 404 999 shares will be transferred from Opera Software’s holding of own shares. Subsequent to the transaction Opera Software ASA holds 1 641 930 own shares.
2. Options exercised by primary insiders December 8th 2011:
Tami Weiss has exercised 2 009 options in the Company, corresponding to
2 009 shares at the strike price of NOK 12.57.
Anthony Nichols has exercised 2 018 options in the Company, corresponding to
2 018 shares at the strike price of NOK 11.82 and 1 200 options in Company, corresponding to 1 200 shares at the strike price of NOK 16.42.
Charles McCathieNevile has exercised 3 000 options in the Company, corresponding to
3 000 shares at the strike price of NOK 11.82 and 1 500 options in Company, corresponding to 1 500 shares at the strike price of NOK 16.42.
Andreas Thome has exercised 10 000 options in the Company, corresponding to
10 000 shares at the strike price of NOK 12.92.
Tove Selnes has exercised 14 000 options in the Company, corresponding to
14 000 shares at the strike price of NOK 12.92.
Halvor Helgø has exercised 2 500 options in the Company, corresponding to
2 500 shares at the strike price of NOK 16.12 and 5 000 options in Company, corresponding to 5 000 shares at the strike price of NOK 22.22.
Petter Lade has exercised 8 750 options in the Company, corresponding to 8 750 shares at the strike price of NOK 12.57.
Lars Aarhus has exercised 1 000 options in the Company, corresponding to
1 000 shares at the strike price of NOK 11.82, 750 options in the Company, corresponding to 750 shares at strike price of NOK 16.42.
Karl Anders Øygard has exercised 2 000 options in the Company, corresponding to
2 000 shares at the strike price of NOK 16.42.
Christian Uribe has exercised 10 045 options in the Company, corresponding to
10 045 shares at the strike price of NOK 11.82 and 3 000 options in Company, corresponding to 3 000 shares at the strike price of NOK 16.42.
3. Transfer of rights
On December 8th 2011, the primary insiders mentioned below transferred their rights to receive shares resulting from the exercise of options to a third party. The sales amount will be finally determined on the basis of the price subsequently obtained by the third party when selling the shares in the market. Still, primary insiders cannot be held liable for losses incurred by the third party if the shares are later sold below the strike price. Final compensation for the transferred rights will be reported to Oslo Børs when known.
Tami Weiss has transferred 2 009 rights
Anthony Nichols has transferred 3 218 rights
Tove Selnes has transferred 14 000 rights
Halvor Helgø has transferred 7 500 rights
Christian Uribe has transferred 13 045 rights
Karl Anders Øygard has transferred 2 000 rights
Petter Lade has transferred 8 750 rights
Andreas Thome has transferred 10 000 rights
Charles McCathieNevile has transferred 4 500 rights
Lars Aarhus has transferred 1750 rights
4. Purchase of shares
On December 8th 2011, the primary insiders mentioned below entered into an agreement to use part or all of the compensation mentioned in item 3 to purchase shares. When known, the final number of shares, along with the compensation, will be reported to Oslo Børs.
Lars Aarhus
Charles McCathieNevile
5. New holding
After exercising options, Tami Weiss holds 15 000 unexercised options in the Company, corresponding to 15 000 shares at the strike price of NOK 21.62, 6 000 unexercised options in the Company, corresponding to 6 000 shares at the strike price of NOK 27.72, 40 000 unexercised options in the Company, corresponding to 40 000 shares at the strike price of NOK 27.32
After exercising options, Anthony Nichols holds 2 000 unexercised options in the Company, corresponding to 2 000 shares at the strike price of NOK 11.82, 3 600 unexercised options in the Company, corresponding to 3 600 shares at the strike price of NOK 16.42, 15 000 unexercised options in the Company, corresponding to 15 000 shares at the strike price of NOK 21.62, 40 000 unexercised options in the Company, corresponding to 40 000 shares at the strike price of NOK 27.32.
After exercising options, Tove Selnes holds 95 000 unexercised options in the Company, corresponding to 95 000 shares at the strike price of NOK 21.62, 32 000 unexercised options in the Company, corresponding to 32 000 shares at the strike price of NOK 24.52 and 60 000 unexercised options in the Company, corresponding to 60 000 shares at the strike price of NOK 27.32. As of today the primary insider holds 8 890 shares in the Company.
After exercising options, Halvor Helgø holds 3 500 unexercised options in the Company, corresponding to 3 500 shares at the strike price of NOK 16.12, 10 000 unexercised options in the Company, corresponding to 10 000 shares at the strike price of NOK 21.62, 7 000 unexercised options in the Company, corresponding to 7 000 shares at the strike price of NOK 22.22, 30 000 unexercised options in the Company, corresponding to 30 000 shares at the strike price of NOK 27.32, 6 000 unexercised options in the Company, corresponding to 6 000 shares at the strike price of NOK 27.72. As of today the primary insider holds 1 805 shares in the Company.
After exercising options, Christian Uribe holds 9 000 unexercised options in the Company, corresponding to 9 000 shares at the strike price of NOK 16.42 and 10 000 unexercised options in the Company, corresponding to 10 000 shares at the strike price of NOK 21.62.
After exercising options, Karl Anders Øygard holds 10 045 unexercised options in the Company, corresponding to 10 045 shares at the strike price of NOK 11.82, 6 000 unexercised options in the Company, corresponding to 6 000 shares at the strike price of NOK 16.42, 20 000 unexercised options in the Company, corresponding to 20 000 shares at the strike price of NOK 21.62, 40 000 unexercised options in the Company, corresponding to 40 000 shares at the strike price of NOK 27.32 and 10 000 unexercised options in the Company, corresponding to 10 000 shares at the strike price of NOK 27.72. As of today the primary insider holds 200 shares in the Company and in addition holds 753,931 shares in Opera Software through Willemhaugen Invest AS that is owned by Karl Anders Øygarden with 100%.
After exercising options, Petter Lade holds 15 000 unexercised options in the Company, corresponding to 15 000 shares at the strike price of NOK 21.62 and 10 000 unexercised options in the Company, corresponding to 10 000 shares at the strike price of NOK 27.32. As of today the primary insider holds 65 422 shares in the Company.
After exercising options, Andreas Thome holds 14 000 unexercised options in the Company, corresponding to 14 000 shares at the strike price of NOK 12.92, 225 000 unexercised options in the Company, corresponding to 225 000 shares at the strike price of NOK 21.62, 12 000 unexercised options in the Company, corresponding to 12 000 shares at the strike price of NOK 23.62, 100 000 unexercised options in the Company, corresponding to 100 000 shares at the strike price of NOK 27.72 and 240 000 unexercised options in the Company, corresponding to 240 000 shares at the strike price of NOK 27.82.
After exercising options, Charles McCathieNevile holds 2 100 unexercised options in the Company, corresponding to 2 100 shares at the strike price of NOK 16.42. As of today the primary insider holds 6177 shares in the Company.
After exercising options, Lars Aarhus holds 2 850 unexercised options in the Company, corresponding to 2 850 shares at the strike price of NOK 16.42 and 10 000 unexercised options in the Company, corresponding to 10 000 shares at the strike price of NOK 21.62. As of today the primary insider holds 30 846 shares in the Company.
Petter Lade, Investor Relations
Tel: 47 2369 3444
Opera Software ASA has redefined Web browsing for PCs, mobile phones and other networked devices. Opera's cross-platform Web browser technology is renowned for its performance, standards compliance and small size, while giving users a faster, safer and more dynamic online experience. Opera Software is headquartered in Oslo, Norway, with offices around the world. The company is listed on the Oslo Stock Exchange under the ticker symbol OPERA. Learn more about Opera at http://www.opera.com.