PERFORMANCE TECHNOLOGIES INC \DE\ 4

Accession 0000891839-14-000044

CIK 0001003950operating

Filed

Feb 18, 7:00 PM ET

Accepted

Feb 19, 4:34 PM ET

Size

19.6 KB

Accession

0000891839-14-000044

Form 4

Period: 2014-02-19

Senior VP and CFO

Transactions

Disposition to Issuer
Non-Statutory Stock Option (Right to Buy)
2014-02-19−20,000→ 0 total
Exercise: $2.22From: 2014-02-19Exp: 2016-05-16→ Common Stock, $.01 par value (20,000 underlying)
Disposition to Issuer
Common Stock, $.01 par value
2014-02-19−97,668→ 0 total
Disposition to Issuer
Non-Statutory Stock Option (Right to Buy)
2014-02-19−35,000→ 0 total
Exercise: $2.59From: 2012-03-12Exp: 2014-03-12→ Common Stock, $.01 par value (35,000 underlying)
Disposition to Issuer
Non-Statutory Stock Option (Right to Buy)
2014-02-19−48,000→ 0 total
Exercise: $1.87From: 2014-02-19Exp: 2017-01-30→ Common Stock, $.01 par value (48,000 underlying)
Disposition to Issuer
Non-Statutory Stock Option (Right to Buy)
2014-02-19−35,000→ 0 total
Exercise: $0.90From: 2014-02-19Exp: 2018-01-24→ Common Stock, $.01 par value (35,000 underlying)
Disposition to Issuer
Non-Statutory Stock Option (Right to Buy)
2014-02-19−20,000→ 0 total
Exercise: $6.64From: 2010-03-17Exp: 2016-03-17→ Common Stock, $.01 par value (20,000 underlying)
Disposition to Issuer
Non-Statutory Stock Option (Right to Buy)
2014-02-19−35,000→ 0 total
Exercise: $2.97From: 2013-01-18Exp: 2015-01-18→ Common Stock, $.01 par value (35,000 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, this option will be assumed by Sonus and converted automatically into an option denominated in shares of Sonus common stock in an amount and at an exercise price determined by the formula set forth in the Merger Agreement, and will remain subject to the terms and conditions substantially identical to those in effect at the effective time of the merger as provided in the applicable Company stock plan and/or stock option agreement.
[F3]Pursuant to the terms of the Merger Agreement, this option, which automatically accelerated in full at the effective time of the merger, will be assumed by Sonus and converted automatically into an option denominated in shares of Sonus common stock in an amount and at an exercise price determined by the formula set forth in the Merger Agreement, and will remain subject to the terms and conditions substantially identical to those in effect at the effective time of the merger as provided in the applicable Company stock plan and/or stock option agreement.

Documents

1 file

PERFORMANCE TECHNOLOGIES INC \DE\

CIK 0001003950

Entity typeoperating

IncorporatedDE