X0303 4 2010-04-09 1 0001116435 AIRVANA INC AIRV 0001405216 Eyuboglu Vedat M C/O AIRVANA, INC. 19 ALPHA ROAD CHELMSFORD MA 01824 0 1 0 0 VP, Chief Technical Officer Common Stock 2010-04-09 4 D 0 397593 D 422658 D Common Stock 2010-04-09 4 D 0 140862 D 422658 I See footnote Common Stock 2010-04-09 4 D 0 142808 D 99448 I See footnote Common Stock 2010-04-09 4 D 0 163207 D 107190 I See footnote Common Stock 2010-04-09 4 D 0 158009 D 107190 I See footnote Common Stock 2010-04-09 4 D 0 422658 D 0 D Common Stock 2010-04-09 4 D 0 422658 D 0 I See footnote Common Stock 2010-04-09 4 D 0 99448 D 0 I See footnote Common Stock 2010-04-09 4 D 0 107190 D 0 I See footnote Common Stock 2010-04-09 4 D 0 107190 D 0 I See footnote Stock Option (Right to Buy) 2.433 2010-04-09 4 D 0 13871 5.217 D 2016-08-20 Common Stock 13871 0 D Stock Option (Right to Buy) 5.21 2010-04-09 4 D 0 45000 2.44 D 2018-02-03 Common Stock 45000 0 D Stock Option (Right to Buy) 5.33 2010-04-09 4 D 0 65000 2.32 D 2019-02-09 Common Stock 65000 0 D Disposed of pursuant to the Agreement and Plan of Merger, dated as of December 17, 2009, by and among the issuer, 72 Mobile Holdings, LLC and 72 Mobile Acquisition Corp. in exchange for a cash payment of $3,041,586.45 ($7.65 per share) on the effective date of the merger. Disposed of pursuant to the Agreement and Plan of Merger, dated as of December 17, 2009, by and among the issuer, 72 Mobile Holdings, LLC and 72 Mobile Acquisition Corp. in exchange for a cash payment of $1,077,594.30 ($7.65 per share) on the effective date of the merger. Held by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of the securities indicated to the extent to which such person does not have an actual pecuniary interest in such securities. Disposed of pursuant to the Agreement and Plan of Merger, dated as of December 17, 2009, by and among the issuer, 72 Mobile Holdings, LLC and 72 Mobile Acquisition Corp. in exchange for a cash payment of $1,092,481.20 ($7.65 per share) on the effective date of the merger. Held by the Beaver Brook Irrevocable Trust, of which the Reporting Person's spouse is trustee. The Reporting Person disclaims beneficial ownership of the securities indicated to the extent to which such person does not have an actual pecuniary interest in such securities. Disposed of pursuant to the Agreement and Plan of Merger, dated as of December 17, 2009, by and among the issuer, 72 Mobile Holdings, LLC and 72 Mobile Acquisition Corp. in exchange for a cash payment of $1,248,533.55 ($7.65 per share) on the effective date of the merger. Held by the Beaver Brook GV 2008 Trust, a qualified annuity trust, of which the Reporting Person is trustee. The Reporting Person disclaims beneficial ownership of the securities indicated to the extent to which such person does not have an actual pecuniary interest in such securities. Disposed of pursuant to the Agreement and Plan of Merger, dated as of December 17, 2009, by and among the issuer, 72 Mobile Holdings, LLC and 72 Mobile Acquisition Corp. in exchange for a cash payment of $1,208,768.85 ($7.65 per share) on the effective date of the merger. Held by the Beaver Brook GA 2008 Trust, a qualified annuity trust, of which the Reporting Person's spouse is trustee. The Reporting Person disclaims beneficial ownership of the securities indicated to the extent to which such person does not have an actual pecuniary interest in such securities. Disposed of in connection with the Agreement and Plan of Merger, dated as of December 17, 2009, by and among the issuer, 72 Mobile Holdings, LLC ("Parent") and 72 Mobile Acquisition Corp., at a value of $7.65 per share for units in Parent. This option, which provided for vesting as to 20% of the shares of common stock subject to this option on August 21, 2007 and the remaining 80% of the shares to vest in equal quarterly installments over the succeeding four years, was canceled in the merger in exchange for a cash payment of $72,365.00 representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($7.65 per share). This option, which provided for vesting as to 25% of the underlying shares on February 4, 2009 and as to an additional 6.25% each three-month period thereafter until the fourth anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $109,800 representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($7.65 per share) This option, which provided for vesting as to 25% of the underlying shares on February 10, 2010 and as to an additional 6.25% each three-month period thereafter until the fourth anniversary of the date of grant, was canceled in the merger in exchange for a cash payment of $150,800 representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($7.65 per share). /s/ Peter C. Anastos, Attorney-in-Fact for Vedat M. Eyuboglu 2010-04-13