Exhibit 10.42
Entrada Networks | |||||||
OPTIONS GRANTED TO EXECUTIVE OFFICERS | |||||||
AS OF 10/31/2004 | |||||||
Option | Expiration | Remaining | Option | Shares | Shares | ||
Name | Number | Date | Date | Life in Years | Price | Outstanding | Exercisable |
Chadha, Kanwar | A | 4/30/2004 | 4/30/2014 | 9.50 | $0.1700 | 200,000 | 0 |
| President and CEO | B | 2/3/2003 | 2/3/2013 | 8.26 | $0.2200 | 125,111 | 125,111 |
| C | 2/3/2003 | 2/3/2013 | 8.26 | $0.2200 | 34,889 | 34,889 | |
| D | 2/3/2003 | 2/3/2013 | 8.26 | $0.2200 | 22,857 | 22,857 | |
| E | 2/3/2003 | 2/3/2013 | 8.26 | $0.2200 | 57,143 | 57,143 | |
| F | 2/3/2003 | 2/3/2013 | 8.26 | $0.2200 | 6,190 | 6,190 | |
| G | 2/3/2003 | 2/3/2013 | 8.26 | $0.2200 | 393,810 | 393,810 | |
| H | 2/3/2003 | 2/3/2013 | 8.26 | $0.2200 | 20,000 | 20,000 | |
| I | 4/30/2003 | 4/30/2013 | 8.50 | $0.2800 | 150,000 | 56,250 | |
| TOTALS | 1,010,000 | 716,250 | |||||
Sethi, Davinder | A | 9/28/2001 | 9/28/2011 | 6.91 | $0.1100 | 50,000 | 50,000 |
| Chief Financial Officer | B | 10/31/2001 | 10/31/2011 | 7.00 | $0.1500 | 50,000 | 50,000 |
| C | 10/31/2001 | 10/31/2011 | 7.00 | $0.1500 | 400,000 | 300,000 | |
| D | 2/3/2003 | 2/3/2013 | 8.26 | $0.2200 | 100,000 | 100,000 | |
| E | 3/29/2004 | 3/29/2014 | 9.41 | $0.2600 | 50,000 | 0 | |
| F | 4/30/2003 | 4/30/2013 | 8.50 | $0.2800 | 100,000 | 37,500 | |
| 750,000 | 537,500 | ||||||
FORM OF OPTIONS GRANTED TO EXECUTIVE OFFICERS
Notice of Grant of Stock Options
and Option Agreement
Entrada Networks
ID: 33-0676350
5755 Oberlin Drive, Suite 204
San Diego, CA 92121
Option Number: 00000000
Plan: 2000
ID:
Effective , you have been granted a(n) Incentive Stock Option to buy shares of EntradaNetworks (the Company) stock at $ per share.The total option price of the shares granted is $
Shares in each period will become fully vested on the date shown.
Shares Vest Type Full Vest Expiration
On Vest Date
Monthly
By your signature and the Company's signature below, you and the Company agree that these options
are granted under and governed by the terms and conditions of the Company's Stock Option Plan as
amended and the Option Agreement, all of which are attached and made a part of this document.
Entrada Networks
Date
Date