4//SEC Filing
VERAMARK TECHNOLOGIES INC 4
Accession 0000891839-13-000059
CIK 0000747605operating
Filed
Jul 24, 8:00 PM ET
Accepted
Jul 25, 4:49 PM ET
Size
8.0 KB
Accession
0000891839-13-000059
Insider Transaction Report
Form 4
McAlees Thomas W
Vice President
Transactions
- Disposition from Tender
VERA Common Stock
2013-07-16$1.18/sh−112,805$133,110→ 0 total - Disposition to Issuer
VERA Option Right to Purchase
2013-07-22−50,000→ 0 totalExercise: $0.71→ VERA Common Stock (50,000 underlying)
Footnotes (2)
- [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. These shares were accepted in connection with the tender offer on 7/16/13.
- [F2]Pursuant to the terms of the Merger Agreement, as of the effective time of the merger (7/22/13), this option was cancelled and Mr. McAlees 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, 4:49 PM ET
- Size
- 8.0 KB