1
Exhibit (a)(4)
Firepond, Inc.
890 Winter Street
Waltham, Massachusetts 02451
August 1, 2001
Dear Optionee:
Following are the results of the Firepond, Inc. (the "Company") recent offer to
exchange (the "Offer") outstanding stock options (the "Old Options") for new
stock options (the "New Options"), which was consummated pursuant to the terms
and conditions in the Company's offer to exchange dated June 26, 2001 (the
"Offer of Exchange") and the related letter of transmittal.
On July 25, 2001 the Offer expired at 12:00 midnight, Eastern Time, and on July
26, 2001 the Company accepted for exchange and cancelled 7,179,285 tendered Old
Options.
You will receive this notice for each stock option grant you had outstanding as
of June 26, 2001, confirming the option status subsequent to the Offer.
Within two (2) weeks you will receive a New Option agreement to be signed by you
and returned to the Company.
If you have any questions about your rights in connection with the grant of a
New Option(s), please call Margot Oertel at (781) 487-8463.
Sincerely,
Paul K. McDermott
[NAME OF OPTION HOLDER]
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Old Options eligible for Offer as of June 26, 2001
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No. of options Options Options
Grant Originally Exercise eligible for vested as of
date Type granted price Exercised Cancelled Offer 7/25/01
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Options post exchange
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If, tendered only
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No. of New
Options Options to be
Options granted on Options vested
tendered 7/31/01 at vested as of monthly over
(Yes/No) $.66 7/31/01 36 months
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*Note that the Company did not issue any New Options for fractional shares,
rather the Company has rounded down to the nearest whole number.