EBZERY JAMES P 4
4 · NOVELL INC · Filed Apr 28, 2011
Insider Transaction Report
Form 4
NOVELL INCNOVL
EBZERY JAMES P
SVP & GM, ISM
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2011-04-27$2.46/sh−93,750$230,625→ 0 totalExercise: $3.64Exp: 2016-12-16→ Common Stock (93,750 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-04-27$2.46/sh−117,187$288,280→ 0 totalExercise: $3.64Exp: 2016-12-16→ Common Stock (117,187 underlying) - Disposition to Issuer
Common Stock
2011-04-27−225,348→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2011-04-27$2.11/sh−144,230$304,325→ 0 totalExercise: $3.99Exp: 2017-12-08→ Common Stock (144,230 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of November 21, 2010, by and among Novell, Inc. ("Novell"), Attachmate Corporation and Longview Software Acquisition Corp. (the "Merger Agreement") in exchange for a cash payment of $6.10 per share (the "Merger Consideration") on the effective date of the merger.
- [F2]Pursuant to the Merger Agreement, this option, which provided for vesting of 25% on December 16, 2009 and thereafter 2.0833% on each monthly anniversary, was canceled in exchange for a cash payment of $230,625, representing the product obtained by multiplying (i) the excess of the Merger Consideration over the exercise price per share of such option, by (ii) the number of shares issuable upon exercise of such option.
- [F3]Pursuant to the Merger Agreement, this option, which provided for vesting of 25% on December 8, 2010 and thereafter 2.0833% on each monthly anniversary, was canceled in exchange for a cash payment of $304,325.30, representing the product obtained by multiplying (i) the excess of the Merger Consideration over the exercise price per share of such option, by (ii) the number of shares issuable upon exercise of such option.
- [F4]Pursuant to the Merger Agreement, this option, which vests based on achievement of performance criteria, was canceled in exchange for a cash payment of $288,280.02, representing the product obtained by multiplying (i) the excess of the Merger Consideration over the exercise price per share of such option, by (ii) the number of shares issuable upon exercise of such option.