4//SEC Filing
VERAMARK TECHNOLOGIES INC 4
Accession 0000891839-13-000050
CIK 0000747605operating
Filed
Jul 24, 8:00 PM ET
Accepted
Jul 25, 4:12 PM ET
Size
9.2 KB
Accession
0000891839-13-000050
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.
Documents
Issuer
VERAMARK TECHNOLOGIES INC
CIK 0000747605
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000747605
Filing Metadata
- Form type
- 4
- Filed
- Jul 24, 8:00 PM ET
- Accepted
- Jul 25, 4:12 PM ET
- Size
- 9.2 KB