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Bridgeline Digital, Inc. Director's Dealing 2011

Nov 22, 2011

35048_dirs_2011-11-22_71b8cb24-6fef-4505-a3fa-94606e4b33bf.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bridgeline Digital, Inc. (BLIN)
CIK: 0001378590
Period of Report: 2011-11-18

Reporting Person: Prinn Michael (VP-Finance and CAO)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-11-18 Stock Option (right to buy) $0.67 A 60000 Acquired 2021-10-28 Common Stock (60000) Direct
2011-11-18 Stock Option (right to buy) $1.14 D 10000 Disposed 2020-08-23 Common Stock (10000) Direct
2011-11-18 Stock Option (right to buy) $1.12 D 50000 Disposed 2021-04-01 Common Stock (50000) Direct

Footnotes

F1: This option becomes exercisable with respect to 1/3 of the underlying shares on each of October 28, 2012, October 28, 2013 and October 28, 2014.

F2: The reporting person agreed to cancellation of options granted to him on August 23, 2010 and April 1, 2011, in exchange for a new option to purchase the same number of shares having a lower exercise price.

F3: This option would have become exercisable with respect to 1/3 of the underlying shares on each of August 23, 2011, August 23, 2012 and August 23, 2013.

F4: This option would have become exercisable with respect to 1/3 of the underlying shares on each of April 1, 2012, April 1, 2013 and April 1, 2014.