DOOLEY SHAWN M 4
4 · INTERNATIONAL ABSORBENTS INC · Filed Jun 2, 2010
Insider Transaction Report
Form 4
DOOLEY SHAWN M
Vice President
Transactions
- Disposition to Issuer
Common Shares
2010-05-27$4.75/sh−113,334$538,337→ 0 total - Disposition to Issuer
Stock Options
2010-05-27−25,000→ 0 totalExercise: $4.70Exp: 2011-03-30→ Common Shares (25,000 underlying) - Disposition to Issuer
Stock Options
2010-05-27−25,000→ 0 totalExercise: $3.20Exp: 2013-04-03→ Common Shares (25,000 underlying) - Disposition to Issuer
Stock Options
2010-05-27−28,170→ 0 totalExercise: $3.55Exp: 2015-09-17→ Common Shares (28,170 underlying) - Disposition to Issuer
Restricted Stock Units
2010-05-27−9,390→ 0 total→ Common Shares (9,390 underlying) - Disposition to Issuer
Stock Options
2010-05-27−25,000→ 0 totalExercise: $3.60Exp: 2014-03-30→ Common Shares (25,000 underlying) - Disposition to Issuer
Stock Options
2010-05-27−25,000→ 0 totalExercise: $4.60Exp: 2012-03-30→ Common Shares (25,000 underlying)
Footnotes (8)
- [F1]Pursuant to the Arrangement Agreement dated December 14, 2009 by and among the Issuer, IAX Acquisition Corporation and 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 were cancelled for cash consideraton equal to $0.05 per option, which represented the positive difference between $4.75 less the exercise price of such options.
- [F3]Pursuant the Arrangement Agreement effective May 27, 2010, these options were cancelled for cash consideration equal to $0.15 per option, which represented the positive difference between $4.75 less the exercise price of such options.
- [F4]Pursuant to the Arrangement Agreement effective May 27, 2010, these stock options, which originally provided full vesting Mar 30, 2011, were cancelled for cash consideration equal to $1.55 per option, which represented the positive difference between $4.75 less the exercise price of such options.
- [F5]Pursuant to the Arrangement Agreement effective May 27, 2010, these stock options, which originally provided vesting Mar 30, 2012, were cancelled for cash consideration equal to $1.15 per option, which represented the positive difference between $4.75 less the exercise price of such options.
- [F6]Pursuant to the Arrangement Agreement effective May 27, 2010, these stock option, which provided full vesting September 17, 2013, were cancelled for cash consideration equal to $1.20 per option, which represented the positive difference between $4.75 less the exercise price of such option.
- [F7]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.
- [F8]Not applicable