VERAMARK TECHNOLOGIES INC 4
4 · VERAMARK TECHNOLOGIES INC · Filed Jul 25, 2013
Insider Transaction Report
Form 4
CASCIANO RONALD J
Director
Transactions
- Disposition to Issuer
VERA Option Right to Purchase
2013-07-22−2,500→ 0 totalExercise: $0.40→ VERA Common Stock (2,500 underlying) - Disposition to Issuer
VERA Option Right to Purchase
2013-07-22−10,000→ 0 totalExercise: $0.49→ VERA Common Stock (10,000 underlying)
Holdings
- 0
VERA Common Stock
Footnotes (1)
- [F1]On 6/11/13, Veramark Technologies, Inc. (the "Company"), Hubspoke Holdings, Inc. ("Hubspoke") and TEM Holdings, Inc., a wholly-owned subsidiary of Hubspoke ("Merger Sub") entered into an Agreement and Plan of Merger (the "Merger Agreement") providing for a cash tender offer to acquire all of the outstanding shares of common stock of the Company for $1.18 per share, to be followed by a merger of Merger Sub with and into the Company, with the Company to continue as the survivng corporation. Pursuant to the terms of the Merger Agreement, as of the effective time of the merger (7/22/13), these options were cancelled and Mr. Casciano became entitled to receive a cash payment in an amount equal to the difference between $1.18 and the exercise price per share under the option multiplied by the number of shares covered by the option.