4//SEC Filing
PERFORMANCE TECHNOLOGIES INC \DE\ 4
Accession 0000891839-14-000045
CIK 0001003950operating
Filed
Feb 18, 7:00 PM ET
Accepted
Feb 19, 4:39 PM ET
Size
21.8 KB
Accession
0000891839-14-000045
Insider Transaction Report
Form 4
GRANA JOHN J
SVP and GM Embedded Group
Transactions
- Disposition to Issuer
Non-Statutory Stock Option (Right to Buy)
2014-02-19−40,000→ 0 totalExercise: $2.97From: 2013-01-18→ Common Stock, $.01 par value (40,000 underlying) - Disposition to Issuer
Non-Statutory Stock Option (Right to Buy)
2014-02-19−50,000→ 0 totalExercise: $0.90From: 2014-02-19→ Common Stock, $.01 par value (50,000 underlying) - Disposition to Issuer
Non-Statutory Stock Option (Right to Buy)
2014-02-19−30,000→ 0 totalExercise: $6.64From: 2010-03-17Exp: 2016-03-17→ Common Stock, $.01 par value (30,000 underlying) - Disposition to Issuer
Common Stock, $.01 par value
2014-02-19−24,650→ 0 total - Disposition to Issuer
Non-Statutory Stock Option (Right to Buy)
2014-02-19−35,000→ 0 totalExercise: $2.59From: 2012-03-12→ Common Stock, $.01 par value (35,000 underlying) - Disposition to Issuer
Non-Statutory Stock Option (Right to Buy)
2014-02-19−40,000→ 0 totalExercise: $2.22From: 2014-05-06Exp: 2016-05-06→ Common Stock, $.01 par value (40,000 underlying) - Disposition to Issuer
Non-Statutory Stock Option (Right to Buy)
2014-02-19−60,000→ 0 totalExercise: $1.87From: 2015-01-30Exp: 2017-01-30→ Common Stock, $.01 par value (60,000 underlying)
Footnotes (6)
- [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. Grana conditionally exercised this option, effective upon the closing of the merger on February 19, 2014. Mr. Grana 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. Grana conditionally exercised this stock option with respect to 20,000 shares, effective upon the closing of the merger on 2/19/14. Mr. Grana will receive a cash payment from the merger consideration equal to $3.75 for each share of common stock underlying the option that was exercised, less the amount of the applicable exercise price of the option and any required tax withholdings. The remaining 20,000 shares subject to the 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.
- [F4]Pursuant to the terms of the Merger Agreement, prior to the closing of the merger, Mr. Grana conditionally exercised this stock option with respect to 30,000 shares, effective upon the closing of the merger on 2/19/14. Mr. Grana will receive a cash payment from the merger consideration equal to $3.75 for each share of common stock underlying the option that was exercised, less the amount of the applicable exercise price of the option and any required tax withholdings. The remaining 30,000 shares subject to the 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.
- [F5]Pursuant to the terms of the Merger Agreement, prior to the closing of the merger, Mr. Grana conditionally exercised this option, which automatically accelerated in full and became effective upon the closing of the merger on February 19, 2014. Mr. Grana 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.
- [F6]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.
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, 4:39 PM ET
- Size
- 21.8 KB