SEQUA CORP /DE/ 4
4 · SEQUA CORP /DE/ · Filed Dec 4, 2007
Insider Transaction Report
Form 4
SEQUA CORP /DE/SQAA
Costello Donna
Vice President & Controller
Transactions
- Disposition to Issuer
Employee stock option (right to buy)
2007-12-03$133.30/sh−1,000$133,300→ 0 totalExercise: $41.70Exp: 2008-09-25→ Class A Common (1,000 underlying)
Footnotes (1)
- [F1]The option, which provided vesting in 3 equal annual installments beginning 09/25/2004, was cancelled pursuant to Agreement and Plan of Merger, dated as of July 8, 2007, by and among Blue Jay Acquisition Corporation, Blue Jay Merger Corporation and Sequa Corporation (the "Merger Agreement") in exchange for a cash payment representing the difference between the exercise price of the option and the exchange price of the stock under the Merger Agreement of $175 per share.