PERFORMANCE TECHNOLOGIES INC \DE\ 4

4 · PERFORMANCE TECHNOLOGIES INC \DE\ · Filed Feb 19, 2014

Form 4

Period: 2014-02-19

Director

Transactions

Disposition to Issuer
Non-Statutory Stock Option (Right to Buy)
2014-02-19−10,000→ 0 total
Exercise: $2.69From: 2010-05-21→ Common Stock, $.01 par value (10,000 underlying)
Disposition to Issuer
Non-Statutory Stock Option (Right to Buy)
2014-02-19−10,000→ 0 total
Exercise: $2.03From: 2012-06-09→ Common Stock, $.01 par value (10,000 underlying)
Disposition to Issuer
Common Stock, $.01 par value
2014-02-19−3,250→ 0 total
Disposition to Issuer
Non-Statutory Stock Option (Right to Buy)
2014-02-19−10,000→ 0 total
Exercise: $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 total
Exercise: $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 total
Exercise: $1.96From: 2013-05-24→ Common Stock, $.01 par value (10,000 underlying)

Footnotes (3)

[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"), at the effective time of the merger on February 19, 2014, each share of Company common stock outstanding immediately prior to the effective time of the merger was converted into the right to receive $3.75 in cash.
[F2]Pursuant to the terms of the Merger Agreement, prior to the closing of the merger, Mr. Meisenzahl conditionally exercised this option, effective upon the closing of the merger on February 19, 2014. Mr. Meisenzahl 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.
[F3]Pursuant to the terms of the Merger Agreement, prior to the closing of the merger, Mr. Meisenzahl conditionally exercised this stock option, which automatically accelerated in full and became effective upon the closing of the merger on February 19, 2014. Mr. Meisenzahl 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.

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