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Straumur - Burdaras hf Name: Straumur-Burdaras Investment Bank hf.
Date of transaction: 08.07.2008 (Award date)
Buy or Sell: Awarding of options
Type of instrument: Call option
Number of shares: 15,000,000
Price: 10.093 (Average price 13.6.-20.6. 2008)
Primary insider's holdings after the transaction: 467,875,352
Date of settlement: The option life is four years after the award date, until 08.07. 2012. An option expires if the awarded employee resigns or employment is otherwise terminated. The option is vested in three equal tranches (1/3) on the first, second and third anniversaries of the award date, as notified by the bank on 18 February 2008.
This announcement is made pursuant to article 126(2) of the Securities Trading Act no. 108/2007.
