ELLIS DOUGLAS E 4

Accession 0000813634-10-000002

CIK 0000813634other

Filed

Jun 1, 8:00 PM ET

Accepted

Jun 2, 11:12 AM ET

Size

29.4 KB

Accession

0000813634-10-000002

Form 4

Period: 2010-05-27

President of Absorption Corp

Transactions

Disposition to Issuer
Common Shares
2010-05-27$4.75/sh−296,559$1,408,655→ 0 total
Exercise/Conversion
Common Shares
2010-05-27$3.20/sh+25,000$80,000→ 0 total
Exercise/Conversion
Common Shares
2010-05-27−25,000→ 0 total
Exercise: $3.60Exp: 2014-03-30→ Common Shares (25,000 underlying)
Exercise/Conversion
Common Shares
2010-05-27−28,170→ 0 total
Exercise: $3.55Exp: 2015-09-17→ Common Shares (28,170 underlying)
Gift
Common Shares
2010-05-27+25,000→ 0 total
Exercise/Conversion
Stock Options
2010-05-27−25,000→ 0 total
Exercise: $4.60From: 2010-03-30Exp: 2012-03-30→ Common Shares (25,000 underlying)
Exercise/Conversion
Common Shares
2010-05-27−25,000→ 0 total
Exercise: $3.20Exp: 2013-04-03→ Common Shares (25,000 underlying)
Exercise/Conversion
Common Shares
2010-05-27$4.70/sh+25,000$117,500→ 0 total
Exercise/Conversion
Common Shares
2010-05-27$3.60/sh+25,000$90,000→ 0 total
Exercise/Conversion
Common Shares
2010-05-27$4.60/sh+25,000$115,000→ 0 total
Gift
Common Shares
2010-05-27−25,000→ 0 total(indirect: Son & Daughter)
Exercise/Conversion
Common Shares
2010-05-27$3.55/sh+28,170$100,004→ 0 total
Exercise/Conversion
Stock Options
2010-05-27−25,000→ 0 total
Exercise: $4.70From: 2009-03-30Exp: 2011-03-30→ Common Shares (25,000 underlying)
Disposition to Issuer
Restricted Stock Units
2010-05-27−9,390→ 0 total
→ Common Shares (9,390 underlying)

Footnotes (6)

[F1]Pursuant to the Arrangement Agreement dated December 14, 2009 by and among the Isser, IAX Acquisition Corporation and IAX Canada Acquisition Company Inc. (the "Arrangement Agreement"), effective as of May 27, 2010, each common share was acquiried by IAX Canada Acquisition Company Inc. for cash consideration equal to $4.75 per share.
[F2]Pursuant to the Arrangement Agreement effective May 27, 2010, these stock options, which originally provided full vesting Mar 30, 2011, were fully vested and exercisable.
[F3]Pursuant to the Arrangement Agreement effective May 27, 2010, these stock options, which originally provided full vesting Mar 30, 2012, were fully vested and exercisable.
[F4]Pursuant to the Arrangement Agreement effective May 27, 2010, these stock options, which originally provided full vesting September 17, 2013, were fully vested and exercisable.
[F5]Pursuant to the Arrangement Agreement effective May 27, 2010, these restricted stock units were cancelled in exchange for cash consideration equal to $4.75 per restricted stock unit.
[F6]Not applicable

Documents

1 file

INTERNATIONAL ABSORBENTS INC

CIK 0000813634

Entity typeother