Otello Corporation ASA

Director's Dealing • Nov 18, 2016

Mandatory notification of trade

Mandatory notification of trade

On November 17 2016, DNB has, on behalf of Opera Software, purchased 17,220

shares for use in the group's employee share purchase plan (ESPP). The shares

have been acquired at a price of NOK 49.9603, based on an average price obtained

by option holders in the period of 16-17 November. The discounted share price to

the employees is NOK 39.968 per share.

The following primary insiders have purchased shares:

Baard Farmen Andresen purchased 400 shares at NOK 39.968. Baard Farmen Andresen

holds 20,000 unexercised options in the Company, corresponding to 20,000 shares

at the strike price of NOK 26.58, 20,000 unexercised options in the Company,

corresponding to 20,000 shares at the strike price of NOK 34.28 and 20,000

unexercised options in the Company, corresponding to 20,000 shares at the strike

price of NOK 75.75. As of today the primary insider holds 2 633 shares in the

Company.

Brian Kesterson purchased 400 shares at NOK 39.968. Brian Kesterson holds 56,750

RSUs in the Company. As of today the primary insider holds 400 shares in the

Company.

Jason A. Hoida purchased 400 shares at NOK 39.968. Jason A. Hoida holds 25,000

unexercised options in the Company, corresponding to 25,000 shares at the strike

price of NOK 26.90, 30,000 unexercised options in the Company, corresponding to

30,000 shares at the strike price of NOK 26.58, 50,000 unexercised options in

the Company, corresponding to 50,000 shares at the strike price of NOK 37.08 and

50,000 unexercised options in the Company, corresponding to 50,000 shares at the

strike price of NOK 75.75. As of today the primary insider holds 648 shares in

the Company.

Petter Lade purchased 400 shares at NOK 39.968. Petter Lade holds 5,000

unexercised options in the Company, corresponding to 5,000 shares at the strike

price of NOK 26.58 and 35,000 unexercised options in the Company, corresponding

to 35,000 shares at the strike price of NOK 34.28. As of today the primary

insider holds 400 shares in the Company.

Philip Tyman purchased 200 shares at NOK 39.968. As of today the primary insider

holds 200 shares in the Company.

Will Kassoy purchased 400 shares at NOK 39.968. Will Kassoy holds 338,167 RSUs

in the Company. As of today the primary insider holds 192 127 shares in the

Company.