Minch Mary T 4
4 · RENAISSANCE LEARNING INC · Filed Oct 21, 2011
Insider Transaction Report
Form 4
Minch Mary T
SVP-Finance, CFO & Secretary
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2011-10-19−1,674→ 0 totalExercise: $23.89From: 2005-07-20Exp: 2015-07-20→ Common Stock (1,674 underlying) - Disposition to Issuer
Common Stock
2011-10-19$16.60/sh−58,400$969,440→ 0 total
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.