STATON MARIAN L. 4
4 · RENAISSANCE LEARNING INC · Filed Oct 21, 2011
Insider Transaction Report
Form 4
STATON MARIAN L.
Senior Vice President-Sales
Transactions
- Disposition to Issuer
Common Stock
2011-10-19$16.60/sh−10,947$181,720→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2011-10-19−503→ 0 totalExercise: $16.91From: 2006-09-01Exp: 2012-09-01→ Common Stock (503 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2011-10-19−293→ 0 totalExercise: $32.22From: 2006-03-01Exp: 2012-03-01→ Common Stock (293 underlying)
Footnotes (2)
- [F1]Common stock and 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.