JAMES GLENN R. 4
4 · RENAISSANCE LEARNING INC · Filed Oct 21, 2011
Insider Transaction Report
Form 4
JAMES GLENN R.
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Stock Options (Right to Buy)
2011-10-19$1.92/sh−13,624$26,158→ 0 totalExercise: $14.68From: 2011-10-19Exp: 2020-07-23→ Common Stock (13,624 underlying) - Disposition to Issuer
Common Stock
2011-10-19$16.60/sh−34,202$567,753→ 0 total - Disposition to Issuer
Stock Options (Right to Buy)
2011-10-19$4.29/sh−16,247$69,700→ 0 totalExercise: $12.31From: 2011-10-19Exp: 2020-10-27→ Common Stock (16,247 underlying)
Footnotes (2)
- [F1]Restricted stock disposed of pursuant to Agreement and Plan of Merger among the Issuer and affiliates of the Permira Funds effective October 19, 2011 (the "Merger") in exchange for $16.60 per share. Under the terms of the Merger all unvested restricted stock vested at the effective time of the merger.
- [F2]Following the Merger, all outstanding options were cancelled and received the excess, if any, of $16.60 per share over the exercise price per share of the option for each share subject to the option.