4//SEC Filing
OVERLAND STORAGE INC 4
Accession 0000889930-14-000075
CIK 0000889930operating
Filed
Dec 2, 7:00 PM ET
Accepted
Dec 3, 5:07 PM ET
Size
12.8 KB
Accession
0000889930-14-000075
Insider Transaction Report
Form 4
De Perio Joseph A
Director
Transactions
- Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2014-12-01−8,000→ 0 totalExercise: $9.50Exp: 2018-08-23→ Common Stock (8,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2014-12-01−4,545→ 0 totalExercise: $10.80Exp: 2018-06-04→ Common Stock (4,545 underlying) - Disposition to Issuer
Common Stock
2014-12-01−3,200→ 0 total
Footnotes (3)
- [F1]This transaction reflects the disposition of shares of the issuer's common stock pursuant to the Agreement and Plan of Merger, dated as of May 15, 2014, by and among the issuer, Sphere 3D Corporation ("Acquirer") and S3D Acquisition Company (the "Merger Agreement") in exchange for 0.46385 shares of Acquirer for each one share of issuer (the "Exchange Ratio"). The Market Value of Acquirer's stock on December 1, 2014 was $7.71.
- [F2]This option, which is fully vested and exercisable, was assumed by the Acquirer and will be replaced with an option to purchase shares of Acquirer common stock. Both the number of shares under the option and the exercise price will be adjusted by the Exchange Ratio. The current vesting and other terms of the award continue in effect.
- [F3]The reporting person's service to the issuer terminates effective upon closing of the merger. Upon termination of service to the issuer, vested option shares expire three months following termination date, in this case March 1, 2015, or the expiration date set forth under the option agreement and as set forth in this Form 4, whichever comes first.
Issuer
OVERLAND STORAGE INC
CIK 0000889930
Entity typeoperating
IncorporatedCA
Related Parties
1- filerCIK 0000889930
Filing Metadata
- Form type
- 4
- Filed
- Dec 2, 7:00 PM ET
- Accepted
- Dec 3, 5:07 PM ET
- Size
- 12.8 KB