Exercise of employee share options in Opera Software ASA
1. Participants in the Company’s share option program have on March 6th 2012 exercised a total number of 849 478 options. Following the exercise, 849 478 shares will be transferred from Opera Software’s holding of own shares. Subsequent to the transaction Opera Software ASA holds 792 452 own shares.
2. Options exercised by primary insiders March 6th 2012:
Jason Hoida has exercised 5 000 options in the Company, corresponding to
5 000 shares at the strike price of NOK 23.46.
Rikard Gillemyr has exercised 20 000 options in the Company, corresponding to
20 000 shares at the strike price of NOK 11.66.
Anthony Nichols has exercised 2 000 options in the Company, corresponding to
2 000 shares at the strike price of NOK 11.66.
Stig Halvorsen has exercised 2 500 options in the Company, corresponding to
2 500 shares at the strike price of NOK 16.26.
Karl Anders Øygard has exercised 10 045 options in the Company, corresponding to
10 045 shares at the strike price of NOK 11.66.
Lars Aarhus has exercised 750 options in the Company, corresponding to
750 shares at the strike price of NOK 16.26.
Roar Olbergsveen has exercised 3 200 options in the Company, corresponding to
3 200 shares at the strike price of NOK 27.56.
Tove Selnes has exercised 8 000 options in the Company, corresponding to
8 000 shares at the strike price of NOK 24.36.
Malin Rundberg has exercised 4 018 options in the Company, corresponding to
4 018 shares at the strike price of NOK 11.66.
Tami Weiss has exercised 2 400 options in the Company, corresponding to
2 400 shares at the strike price of NOK 27.56.
Erik Harrell has exercised 250 000 options in the Company, corresponding to
250 000 shares at the strike price of NOK 11.66.
Lars Boilesen has exercised 250 000 options in the Company, corresponding to
250 000 shares at the strike price of NOK 16.96.
3. Transfer of rights
On Mach 6th 2012, 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.
Jason Hoida has transferred 5 000 rights
Rikard Gillemyr has transferred 20 000 rights
Anthony Nichols has transferred 2 000 rights
Stig Halvorsen has transferred 2 500 rights
Karl Anders Øygard has transferred 10 045 rights
Lars Aarhus has transferred 750 rights
Roar Olbergsveen has transferred 3 200 rights
Tove Selnes has transferred 8 000 rights
Malin Rundberg has transferred 4 018 rights
Tami Weiss has transferred 2 400 rights
Erik Harrell has transferred 250 000 rights
Lars Boilesen has transferred 250 000 rights
4. Purchase of shares
On March 6th 2012, 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
5. New holding
After exercising options, Jason Hoida holds 6 000 unexercised options in the Company, corresponding to 6 000 shares at the strike price of NOK 15.96, 35 000 unexercised options in the Company, corresponding to 35 000 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 23.46, 36 000 unexercised options in the Company, corresponding to 36 000 shares at the strike price of NOK 27.56, 60 000 unexercised options in the Company, corresponding to 60 000 shares at the strike price of NOK 27.50 and 50 000 unexercised options in the Company, corresponding to 50 000 shares at the strike price of NOK 27.82. As of today the primary insider holds 5 928 shares in the Company.
After exercising options, Rikard Gillemyr holds 60 000 unexercised options in the Company, corresponding to 60 000 shares at the strike price of NOK 11.66, 200 000 unexercised options in the Company, corresponding to 200 000 shares at the strike price of NOK 12.41, 225 000 unexercised options in the Company, corresponding to 225 000 shares at the strike price of NOK 21.62 and 100 000 unexercised options in the Company, corresponding to 100 000 shares at the strike price of NOK 27.50. As of today the primary insider holds 605 000 shares in the Company.
After exercising options, Anthony Nichols holds 3 600 unexercised options in the Company, corresponding to 3 600 shares at the strike price of NOK 16.26, 15 000 unexercised options in the Company, corresponding to 15 000 shares at the strike price of NOK 21.62 and 40 000 unexercised options in the Company, corresponding to 40 000 shares at the strike price of NOK 27.50.
After exercising options, Stig Halvorsen holds 3 500 unexercised options in the Company, corresponding to 3 500 shares at the strike price of NOK 16.26. As of today the primary insider holds 3 087 shares in the Company.
After exercising options, Karl Anders Øygard holds 6 000 unexercised options in the Company, corresponding to 6 000 shares at the strike price of NOK 16.26, 20 000 unexercised options in the Company, corresponding to 20 000 shares at the strike price of NOK 21.62, 10 000 unexercised options in the Company, corresponding to 10 000 shares at the strike price of NOK 27.56 and 40 000 unexercised options in the Company, corresponding to 40 000 shares at the strike price of NOK 27.50. As of today the primary insider holds 754 131 shares in the Company.
After exercising options, Lars Aarhus holds 2 100 unexercised options in the Company, corresponding to 2 100 shares at the strike price of NOK 16.26 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 31 716 shares in the Company.
After exercising options, Roar Olbergsveen holds 15 000 unexercised options in the Company, corresponding to 15 000 shares at the strike price of NOK 21.62, 5 250 unexercised options in the Company, corresponding to 5 250 shares at the strike price of NOK 23.46, 4 800 unexercised options in the Company, corresponding to 4 800 shares at the strike price of NOK 27.56 and 40 000 unexercised options in the Company, corresponding to 40 000 shares at the strike price of NOK 27.50.
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, 24 000 unexercised options in the Company, corresponding to 24 000 shares at the strike price of NOK 24.36 and 60 000 unexercised options in the Company, corresponding to 60 000 shares at the strike price of NOK 27.50. As of today the primary insider holds 8 890 shares in the Company.
After exercising options, Malin Rundberg holds 3 600 unexercised options in the Company, corresponding to 3 600 shares at the strike price of NOK 16.26.
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, 3 600 unexercised options in the Company, corresponding to 3 600 shares at the strike price of NOK 27.56 and 40 000 unexercised options in the Company, corresponding to 40 000 shares at the strike price of NOK 27.50.
After exercising options, Erik Harrell holds 198 000 unexercised options in the Company, corresponding to 198 000 shares at the strike price of NOK 11.66, 225 000 unexercised options in the Company, corresponding to 225 000 shares at the strike price of NOK 21.62 and 100 000 unexercised options in the Company, corresponding to 100 000 shares at the strike price of NOK 27.50. As of today the primary insider holds 60 000 shares in the Company.
After exercising options, Lars Boilesen holds 300 000 unexercised options in the Company, corresponding to 300 000 shares at the strike price of NOK 16.96 and
1 200 000 unexercised options in the Company, corresponding to 1 200 000 shares at the strike price of NOK 19.56.
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.