Killeen Jeffrey M 4
4 · SKYTERRA COMMUNICATIONS INC · Filed Mar 29, 2010
Insider Transaction Report
Form 4
Killeen Jeffrey M
Director
Transactions
- Disposition to Issuer
Common Stock
2010-03-29$5.00/sh−80,000$400,000→ 0 total - Disposition to Issuer
Employee stock option (right to buy)
2010-03-29$5.00/sh−35,000$175,000→ 0 totalExercise: $0.56Exp: 2002-10-14→ Common Stock (35,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to merger agreement between Issuer and Harbinger Capital Partners Master Fund I, Ltd, Harbinger Capital Partners Special Situation Fund, L.P. and Sol Private Corp. in exchange for $5 per share in cash.
- [F2]This option, which provided for vesting in three equal installments beginning October 15,2003, was canceled in the merger in exchange for a cash payment of $155,400 representing the difference between the exercise price of the option and the merger price of the Issuer common stock ($5 per share)