TOTAL LOGISTICS INC 4
4 · TOTAL LOGISTICS INC · Filed Feb 7, 2005
Insider Transaction Report
Form 4
LACY WILLIAM H
Director
Transactions
- Disposition from Tender
Common Stock
2005-02-07−3,442→ 0 total - Disposition to Issuer
Option
2005-02-07−12,000→ 0 totalExercise: $5.00Exp: 2010-02-08→ 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]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.