4//SEC Filing
GENENCOR INTERNATIONAL INC 4
Accession 0000891839-05-000033
CIK 0001113099operating
Filed
Apr 21, 8:00 PM ET
Accepted
Apr 22, 1:49 PM ET
Size
21.8 KB
Accession
0000891839-05-000033
Insider Transaction Report
Form 4
COBB CAROLE B
Sr. VP - Global Supply
Transactions
- Disposition from Tender
Common Stock, $.01 par value
2005-04-21$19.25/sh−1,200$23,100→ 0 total(indirect: See Footnote (3)) - Disposition from Tender
Common Stock, $.01 par value
2005-04-20$19.25/sh−15,906$306,191→ 0 total - Disposition from Tender
Stock Option (Right to Buy)
2005-04-21−1,500→ 0 total(indirect: By Spouse)Exercise: $14.52→ Common Stock, par value $.01 per share (1,500 underlying) - Disposition from Tender
Common Stock, $.01 par value
2005-04-21$19.25/sh−1,100$21,175→ 0 total(indirect: By Spouse) - Disposition from Tender
Stock Option (Right to Buy)
2005-04-21−208,794→ 0 totalExercise: $10.77→ Common Stock, par value $.01 per share (208,794 underlying) - Disposition from Tender
Stock Option (Right to Buy)
2005-04-21−45,000→ 0 totalExercise: $16.23→ Common Stock, par value $.01 per share (45,000 underlying) - Disposition from Tender
Stock Option (Right to Buy)
2005-04-21−6,000→ 0 total(indirect: By Spouse)Exercise: $9.70→ Common Stock, par value $.01 per share (6,000 underlying)
Footnotes (5)
- [F1]On 1/27/05, Genencor International, Inc. (the "Company"), Danisco A/S ("Danisco") and DH Subsidiary Inc., an indirect wholly-owned subsidiary of Danisco ("Acquisition Sub") entered into an Acquisition Agreement (the "Acquisition Agreement") providing for a cash tender offer to acquire all of the outstanding shares of common stock of the Company not otherwise owned by Danisco or its subsidiaries for $19.25 per share, to be followed by a merger of Acquisition Sub with and into the Company, with the Company to continue as the surviving corporation. These shares were accepted in the closing of the tender offer on 4/20/05.
- [F2]Pursuant to the terms of the Acquisition Agreement, as of the effective time of the merger (5:00 PM EST on 4/21/05) (the "Effective Time of the Merger"), these shares will be converted into the right to receive a cash payment in an amount equal to $19.25 per share.
- [F3]These shares are held in two custodial accounts (600 shares each) for Ms. Cobb's two daughters.
- [F4]Pursuant to the terms of the Acquisition Agreement, as of Effective Time of the Merger, these options will be cancelled and Ms. Cobb will be entitled to receive a cash payment in an amount equal to the difference between $19.25 (for options issued under the Company's Stock Option and Stock Appreciation Right Plan) or $19.27 (for options issued under the Company's 2002 Omnibus Incentive Plan) and the exercise price per share under the option multiplied by the number of shares covered by the option.
- [F5]Pursuant to the terms of the Acquisition Agreement, as of Effective Time of the Merger, these options will be cancelled and Ms. Cobb's husband will be entitled to receive a cash payment in an amount equal to the difference between $19.25 (for options issued under the Company's Stock Option and Stock Appreciation Right Plan) or $19.27 (for options issued under the Company's 2002 Omnibus Incentive Plan) and the exercise price per share under the option multiplied by the number of shares covered by the option.
Documents
Issuer
GENENCOR INTERNATIONAL INC
CIK 0001113099
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001113099
Filing Metadata
- Form type
- 4
- Filed
- Apr 21, 8:00 PM ET
- Accepted
- Apr 22, 1:49 PM ET
- Size
- 21.8 KB