INTERMAGNETICS GENERAL CORP 4
4 · INTERMAGNETICS GENERAL CORP · Filed Nov 13, 2006
Insider Transaction Report
Form 4
BURKE MICHAEL K
CFO & EVP
Transactions
- Disposition to Issuer
Stock Options (Right to buy)
2006-11-08$16.26/sh−107,382$1,746,031→ 0 totalExercise: $11.24From: 2003-12-14Exp: 2011-12-14→ Common Stock (107,382 underlying) - Disposition to Issuer
Stock Options (Right to buy)
2006-11-08$27.50/sh−304,875$8,384,063→ 0 totalExercise: $0.00From: 2006-11-10Exp: 2007-11-10→ Common Stock (304,875 underlying) - Disposition to Issuer
Common Stock
2006-11-09$27.50/sh−112,239$3,086,573→ 0 total - Gift
Common Stock
2006-09-25−9,100→ 112,239 total - Disposition to Issuer
Restricted Stock Units
2006-11-08$27.50/sh−202,500$5,568,750→ 0 totalExercise: $0.00From: 2008-05-25Exp: 2010-08-31→ Common Stock (202,500 underlying) - Disposition to Issuer
Stock Options (Right to buy)
2006-11-08$16.26/sh−38,869$632,010→ 0 totalExercise: $11.24From: 2003-12-14Exp: 2011-12-14→ Common Stock (38,869 underlying) - Disposition to Issuer
Restricted Stock Units
2006-11-08$27.50/sh−102,375$2,815,313→ 0 totalExercise: $0.00From: 2005-05-29Exp: 2007-08-27→ Common Stock (102,375 underlying)
Footnotes (5)
- [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 $1,746,031.32 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]This option was cancelled pursuant to the Merger Agreement in exchange for a $632,009.94 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.
- [F4]All of the reporting person's Restricted Stock Units were cancelled pursuant to the Merger Agreement in exchange for $8,384,062.50 cash payment, representing $27.50 multiplied by the number of shares subject to the RSU, whether vested or unvested.
- [F5]The Restricted Stock Units were scheduled to vest beginning on or after the date shown, based on satisfaction of certain performance criteria.