Montopoli Duane 4
4 · PENNICHUCK CORP · Filed Jan 26, 2012
Insider Transaction Report
Form 4
PENNICHUCK CORPpnnw
Montopoli Duane
President & CEO
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2012-01-25−8,000→ 0 totalExercise: $17.64Exp: 2019-01-28→ Common Stock (8,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2012-01-25−8,000→ 0 totalExercise: $20.11Exp: 2020-01-27→ Common Stock (8,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2012-01-25−30,000→ 0 totalExercise: $21.14From: 2010-04-04Exp: 2020-03-25→ Common Stock (30,000 underlying) - Disposition to Issuer
Common Stock
2012-01-25$29.00/sh−1,000$29,000→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2012-01-25−40,000→ 0 totalExercise: $19.00From: 2009-08-21Exp: 2016-08-21→ Common Stock (40,000 underlying)
Footnotes (4)
- [F1]Each share has been converted into the right to receive $29.00 per share (the "Merger Consideration"), pursuant to the Agreement and Plan of Merger, dated November 11, 2010, by and among Pennichuck Corporation, the City of Nashua, New Hampshire and Nashua Water Acquisition Corporation.
- [F2]Each option was cancelled and converted into the right to receive a cash per share payment equal to the product of (x) the exess, if any, of the Merger Consideration over the applicable exercise price of such option and (y) the number of shares of the Issuer's common stock issuable upon exercise of the option less any applicable withholding taxes.
- [F3]The grants vested, or otherwise would have vested, in equal amounts on 01/28/2010, 01/28/2011 and 01/28/2012.
- [F4]The grants vested, or otherwise would have vested, in equal amounts on 01/27/2011, 01/27/2012 and 01/27/2013.