CATALYST INTERNATIONAL INC 4

4 · CATALYST INTERNATIONAL INC · Filed Sep 14, 2004

Form 4

Period: 2004-09-08

DirectorPresident and CEO

Transactions

Disposition to Issuer
Stock Option
2004-09-08$0.11/sh−200,000$22,000→ 0 total
Exercise: $3.86Exp: 2011-07-02→ Common Stock (200,000 underlying)
Disposition to Issuer
Stock Option
2004-09-08$0.11/sh−100,000$11,000→ 0 total
Exercise: $2.57Exp: 2005-12-13→ Common Stock (100,000 underlying)
Disposition to Issuer
Stock Option
2004-09-08$1.00/sh−80,000$80,000→ 0 total
Exercise: $1.50Exp: 2014-05-18→ Common Stock (80,000 underlying)
Disposition to Issuer
Stock Option
2004-09-08$1.10/sh−120,000$132,000→ 0 total
Exercise: $1.40Exp: 2003-12-04→ Common Stock (120,000 underlying)
Disposition to Issuer
Common Stock
2004-09-08$2.50/sh−12,500$31,250→ 0 total

Footnotes (5)

[F1]Disposition pursuant to Merger Agreement between the issuer and ComVest Investment Partners, II LLC (the "Merger") which was completed on September 8, 2004.
[F2]This option was cancelled in the Merger in exchange for a cash payment per share as indicated in column 8.
[F3]Exercisable 60% three years after grant, 73,040 shares in monthly increments through 05/02/06 and 6,960 shares on 6/30/06, subject to acceleration in the event of a change in control.
[F4]Exercisable 50% two years after grant, 25% in each of the following two years, subject to acceleration in the event of a change in control.
[F5]Exercisable 40% two years after grant, 20% in each of the following three years, subject to acceleration in the event of a change in control.

Documents

1 file