4//SEC Filing
PERFORMANCE TECHNOLOGIES INC \DE\ 4
Accession 0000891839-14-000042
CIK 0001003950operating
Filed
Feb 18, 7:00 PM ET
Accepted
Feb 19, 4:29 PM ET
Size
17.0 KB
Accession
0000891839-14-000042
Insider Transaction Report
Form 4
TILLMAN ROBERT L
Director
Transactions
- 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: $2.03From: 2012-06-09→ Common Stock, $.01 par value (10,000 underlying) - Disposition to Issuer
Common Stock, $.01 par value
2014-02-19−25,000→ 0 total - 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) - 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: $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. Tillman conditionally exercised this option, effective upon the closing of the merger on February 19, 2014. Mr. Tillman 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. Tillman conditionally exercised this stock option, which automatically accelerated in full and became effective upon the closing of the merger on February 19, 2014. Mr. Tillman 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.
Documents
Issuer
PERFORMANCE TECHNOLOGIES INC \DE\
CIK 0001003950
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001003950
Filing Metadata
- Form type
- 4
- Filed
- Feb 18, 7:00 PM ET
- Accepted
- Feb 19, 4:29 PM ET
- Size
- 17.0 KB