Contract

by Openwave Systems Ltd
November 9th, 2004

Exhibit 10.4

 

Summary of Stock Option Grants and Restricted Stock Awards made to Executives and Director in September 3, 2004 through November 5, 2004.

 

1. Stock Option Awards

 

The following stock option grants were made from the stock plan referenced below using the Company’s standard form of stock option agreement for U.S. based recipients, which was filed as Exhibit 10.3 to the Company’s Quarterly Report on Form 10Q filed on May 12, 2004.

 

Participant


 

Grant Date


 

Options


 

Stock Plan


 

Vesting Schedule


Peterschmidt, David C.   11/2/2004   500,000   1996 Stock Option Plan   25% vest on 11/2/05 and 1/48th of the shares vest monthly beginning on 12/2/05
Kennedy, Kevin J.   9/3/04   8,000   1996 Stock Option Plan   48 months commencing on 7/15/04
Peters, Steve   10/4/04   200,000   1996 Stock Option Plan   36 months commencing on 9/30/04
Snyder, Allen E.   10/4/04   200,000   1996 Stock Option Plan   36 months commencing on 9/30/04

 

2. Restricted Stock Awards

 

The following restricted stock awards were made from the stock plan referenced below using the Company’s standard form of restricted stock bonus agreement, which was filed as Exhibit 10.20 to the Company’s Annual Report on Form 10-K filed on September 30, 2002.

 

Participant


 

Grant Date


 

Restricted Shares


 

Stock Plan


 

Vesting Schedule


Peterschmidt, David C.   11/2/2004   250,000   2001 Stock Compensation Plan  

62,500 shares will vest on the first

four anniversaries after November 2,

2004.

Peters, Steve   10/4/04   160,000   2001 Stock Compensation Plan   40,000 shares will vest on the first four anniversaries after August 30, 2004.
Snyder, Allen E.   10/4/04   160,000   2001 Stock Compensation Plan   40,000 shares will vest on the first four anniversaries after August 30, 2004.