OVERLAND STORAGE INC 4
4 · OVERLAND STORAGE INC · Filed Dec 3, 2014
Insider Transaction Report
Form 4
Mahadevan Vivekanand
Director
Transactions
- Disposition to Issuer
Common Stock
2014-12-01−200→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2014-12-01−6,000→ 0 totalExercise: $7.75Exp: 2018-11-13→ Common Stock (6,000 underlying)
Footnotes (2)
- [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.