BECKER JOHN A 4
4 · TOTAL LOGISTICS INC · Filed Feb 7, 2005
Insider Transaction Report
Form 4
BECKER JOHN A
Director
Transactions
- Disposition from Tender
Common Stock
2005-02-07$28.50/sh−5,542$157,947→ 0 total - Disposition to Issuer
Option
2005-02-07−12,000→ 0 totalExercise: $5.25Exp: 2010-05-31→ Common Stock (12,000 underlying)
Footnotes (5)
- [F1]The indicated shares were accepted for payment on February 7, 2005 by Titan Acquisition Corp., a wholly owned subsidiary of SUPERVALU INC., pursuant to the tender offer commenced on January 7, 2005.
- [F2]Includes 3,442 shares of restricted stock. Pursuant to the terms of the 1998 Equity Incentive Plan, the restrictions on the restricted shares lapsed upon the change in control of the Issuer.
- [F3]Options granted pursuant to the 1998 Equity Incentive Plan.
- [F4]Options vest and become exercisable in five equal annual installments beginning on the first anniversary of the date of grant.
- [F5]The indicated options were cancelled on February 7, 2005 in connection with the merger of Total Logistics, Inc. with Titan Acquisition Corp., a wholly owned subsidiary of SUPERVALU INC., in exchange for a cash payment per share equal to the excess of $28.50 over the per share exercise price of such options.