THOMPSON DAVID H 4
4 · INTERNATIONAL ABSORBENTS INC · Filed Jun 2, 2010
Insider Transaction Report
Form 4
THOMPSON DAVID H
CFO, Secretary
Transactions
- Disposition to Issuer
Stock Options
2010-05-27−25,000→ 0 totalExercise: $4.60Exp: 2012-03-30→ 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
Common Shares
2010-05-27$4.75/sh−38,751$184,067→ 0 total - 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
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: $3.20Exp: 2013-04-03→ Common Shares (25,000 underlying) - Disposition to Issuer
Stock Options
2010-05-27−25,000→ 0 totalExercise: $4.70Exp: 2011-03-30→ 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. (the "Arrangement Agreement") effective as of May 27, 2010, each common share was acquired 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 were cancelled for cash consideration equal to $0.05 per option, which represented the positive difference between $4.75 less the exercise price of such options.
- [F3]Pursuant to 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 options, 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 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