PERFORMANCE TECHNOLOGIES INC \DE\ 4
4 · PERFORMANCE TECHNOLOGIES INC \DE\ · Filed Feb 19, 2014
Insider Transaction Report
Form 4
Connors Dennis C
Director
Transactions
- Disposition to Issuer
Non-Statutory Stock Option (Right to Buy)
2014-02-19−10,000→ 0 totalExercise: $2.60From: 2011-05-20→ Common Stock, $.01 par value (10,000 underlying) - Disposition to Issuer
Non-Statutory Stock Option (Right to Buy)
2014-02-19−10,000→ 0 totalExercise: $2.03From: 2012-06-09→ Common Stock, $.01 par value (10,000 underlying) - Disposition to Issuer
Non-Statutory Stock Option (Right to Buy)
2014-02-19−10,000→ 0 totalExercise: $1.96From: 2013-05-24→ Common Stock, $.01 par value (10,000 underlying) - Disposition to Issuer
Non-Statutory Stock Option (Right to Buy)
2014-02-19−10,000→ 0 totalExercise: $1.36From: 2014-02-19→ Common Stock, $.01 par value (10,000 underlying) - Disposition to Issuer
Non-Statutory Stock Option (Right to Buy)
2014-02-19−10,000→ 0 totalExercise: $2.69From: 2010-05-21→ Common Stock, $.01 par value (10,000 underlying)
Footnotes (2)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger, dated as of December 12, 2013, among the Company, Sonus Networks, Inc., and Purple Acquisition Subsidiary, Inc. (the "Merger Agreement"), prior to the closing of the merger, Mr. Connors conditionally exercised this option, effective upon the closing of the merger on February 19, 2014. Mr. Connors will receive a cash payment from the merger consideration equal to $3.75 for each share of common stock underlying the option, less the amount of the applicable exercise price of the option and any required tax withholdings.
- [F2]Pursuant to the terms of the Merger Agreement, prior to the closing of the merger, Mr. Connors conditionally exercised this stock option, which automatically accelerated in full and became effective upon the closing of the merger on February 19, 2014. Mr. Connors will receive a cash payment from the merger consideration equal to $3.75 for each share of common stock underlying the option, less the amount of the applicable exercise price of the option and any required tax withholdings.