Good Alexander H 4
4 · SKYTERRA COMMUNICATIONS INC · Filed Mar 29, 2010
Insider Transaction Report
Form 4
Good Alexander H
DirectorChairman, CEO and President
Transactions
- Disposition to Issuer
Common Stock
2010-03-29$5.00/sh−133,334$666,670→ 0 total - Disposition to Issuer
Common Stock
2010-03-29−266,667→ 0 total - Disposition to Issuer
Common Stock
2010-03-29$5.00/sh−535,600$2,678,000→ 0 total - Disposition to Issuer
Employee Stock Options (right to buy)
2010-03-29$5.00/sh−1,692,000$8,460,000→ 0 totalExercise: $2.29Exp: 2014-02-28→ Common Stock (1,692,000 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to merger agreement ("Merger Agreement") between Issuer and Harbinger Capital Partners Master Fund I, Ltd, Harbinger Capital Partners Special Situations Fund, L.P., and Sol Private Corp. in exchange for $5 per share in cash. Restricted stock grants which vested and were acquired and canceled pursuant to the Merger Agreement
- [F2]These restricted shares canceled without consideration unless Mr. Good's employment is terminated for specified reasons prior to June 19, 2010
- [F3]This option, which provided for vesting in three equal installments beginning March 1, 2005, was canceled in the merger in exchange for a cash payment of $4,590,396 representing the difference between the exercise price of the option and the merger price of the Issuer common stock ($5 per share)