INTERMAGNETICS GENERAL CORP 4
4 · INTERMAGNETICS GENERAL CORP · Filed Nov 13, 2006
Insider Transaction Report
Form 4
O BRIEN THOMAS J
Executive Vice President
Transactions
- Disposition to Issuer
Restricted Stock Units
2006-11-08$27.50/sh−120,000$3,300,000→ 0 totalExercise: $0.00From: 2008-05-25Exp: 2010-08-31→ Common Stock (120,000 underlying) - Disposition to Issuer
Common Stock
2006-11-09$27.50/sh−35,992$989,780→ 0 total - Disposition to Issuer
Stock Options (Right to Buy)
2006-11-08$18.61/sh−22,500$418,725→ 0 totalExercise: $8.89From: 2003-08-04Exp: 2013-08-04→ Common Stock (22,500 underlying) - Disposition to Issuer
Restricted Stock Units
2006-11-08$27.50/sh−102,375$2,815,313→ 0 totalExercise: $0.00From: 2003-08-04Exp: 2013-08-04→ Common Stock (102,375 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to an Agreement and Plan of Merger (the "Merger Agreement") among the issuer, Philips Holding, USA, Inc. and Jumbo Acquisition Corp. in exchange for $27.50 per share.
- [F2]This option was cancelled pursuant to the Merger Agreement in exchange for a $418,725 cash payment, representing the excess of $27.50 over the per share exercise price of the option multiplied by the number of shares subject to the option, whether vested or unvested
- [F3]All of the reporting person's Restricted Stock Units were cancelled pursuant to the Merger Agreement in exchange for $5,315,310 cash payment, representing $27.50 multiplied by 193,284 shares subject to the RSU, whether vested or unvested. No payment was made with respect to 29,091 shares, which were cancelled in connection with a Transition Agreement between the executive and Philips
- [F4]The Restricted Stock Units were scheduled to vest beginning on or after the date shown, based on satisfaction of certain performance criteria.