INTERNATIONAL ABSORBENTS INC 4
4 · INTERNATIONAL ABSORBENTS INC · Filed Jun 2, 2010
Insider Transaction Report
Form 4
WHITTLE DANIEL
Director
Transactions
- Disposition to Issuer
Stock Options
2010-05-27−10,000→ 0 totalExercise: $3.25From: 2007-07-13Exp: 2010-05-31→ Common shares (10,000 underlying) - Disposition to Issuer
Stock Options
2010-05-27−10,000→ 0 totalExercise: $4.00From: 2008-07-19Exp: 2010-12-19→ Common Shares (10,000 underlying) - Disposition to Issuer
Common Shares
2010-05-27$4.75/sh−800$3,800→ 0 total
Footnotes (3)
- [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 May 27, 2010, each common share was acquired by IAX Canada Acquisition Conpany 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 $1.50 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 stock options were cancelled for cash consideration equal to $0.75 per option, which represented the positive difference between $4.75 less the exercise price of such options.