KRONOS INC 4
4 · KRONOS INC · Filed Jun 13, 2007
Insider Transaction Report
Form 4
KRONOS INCKRON
DUMLER RICHARD
Director
Transactions
- Disposition to Issuer
Option to Buy
2007-06-11$14.77/sh−6,700$98,959→ 0 totalExercise: $40.23Exp: 2010-08-16→ Common Stock (6,700 underlying) - Disposition to Issuer
Option to Buy
2007-06-11$0.62/sh−5,850$3,627→ 0 totalExercise: $54.38Exp: 2009-08-10→ Common Stock (5,850 underlying) - Disposition to Issuer
Common Stock
2007-06-11−11,405→ 0 total - Disposition to Issuer
Restricted Stock Units (right to buy)
2007-06-11$54.99/sh−2,840$156,172→ 0 totalExercise: $0.01Exp: 2011-08-16→ Common Stock (2,840 underlying) - Disposition to Issuer
Option to Buy
2007-06-11$30.79/sh−6,750$207,833→ 0 totalExercise: $24.21Exp: 2007-08-11→ Common Stock (6,750 underlying)
Footnotes (6)
- [F1]Disposed of pursuant to merger agreement between issuer and Seahawk Merger Sub Corporation in exchange for a cash payment of $55 per share on the effective date of the merger.
- [F2]The shares outstanding under this option were previously reported as 4,500 shares at $36.32 per share but have been adjusted to reflect the stock split payable on October 31, 2003. This option, which provided for vesting in four equal installments beginning on February 11, 2004, was canceled in the merger in exchange for a cash payment of $207,832.50, representing the difference between the exercise price of the option and the market value of the underlying Kronos common stock on the effective date of the merger ($55 per share).
- [F3]This option, which provided for vesting in four equal installments beginning on February 18, 2005, was canceled in the merger in exchange for a cash payment of $127,777.50, representing the difference between the exercise price of the option and the market value of the underlying Kronos common stock on the effective date of the merger ($55 per share).
- [F4]This option, which provided for vesting in four equal installments beginning on February 10, 2006, was canceled in the merger in exchange for a cash payment of $3,627, representing the difference between the exercise price of the option and the market value of the underlying Kronos common stock on the effective date of the merger ($55 per share).
- [F5]This option, which provided for vesting in four equal installments beginning on February 16, 2007, was canceled in the merger in exchange for a cash payment of $98,959, representing the difference between the exercise price of the option and the market value of the underlying Kronos common stock on the effective date of the merger ($55 per share).
- [F6]This restricted stock unit award ("RSU"), which, subject to a performance goal being met by the company for fiscal 2007, provided for vesting in four equal installments beginning on February 16, 2008, was canceled in the merger in exchange for a cash payment of $156,171.60, representing the difference between the conversion price of the RSU and the market value of the underlying Kronos common stock on the effective date of the merger ($55 per share).