INTERMAGNETICS GENERAL CORP 4
4 · INTERMAGNETICS GENERAL CORP · Filed Nov 13, 2006
Insider Transaction Report
Form 4
BLECHER LEO
Sector President
Transactions
- Disposition to Issuer
Stock Options (Right to buy)
2006-11-08$17.06/sh−9,000$153,540→ 0 totalExercise: $10.44From: 2003-08-04Exp: 2013-08-04→ Common Stock (9,000 underlying) - Disposition to Issuer
Common Stock
2006-11-09$27.50/sh−185,534$5,102,185→ 0 total - Disposition to Issuer
Restricted Stock Units
2006-11-08$27.50/sh−102,375$2,815,313→ 0 totalExercise: $0.00From: 2003-05-29Exp: 2007-08-27→ Common Stock (102,375 underlying) - Disposition to Issuer
Stock Options (Right to buy)
2006-11-08$18.44/sh−4,590$84,640→ 0 totalExercise: $9.06From: 2002-04-04Exp: 2011-04-04→ Common Stock (4,590 underlying) - Disposition to Issuer
Stock Options (Right to buy)
2006-11-08$17.06/sh−6,809$116,162→ 0 totalExercise: $10.44From: 2003-08-04Exp: 2013-08-04→ Common Stock (6,809 underlying) - 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)
Footnotes (6)
- [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 $84,639.60 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 $116,161.54 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]This option was cancelled pursuant to the Merger Agreement in exchange for a $153,540 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.
- [F5]All of the reporting person's Restricted Stock Units were cancelled pursuant to the Merger Agreement in exchange for $5,515,290 cash payment, representing $27.50 multiplied by 200,556 shares subject to the RSU, whether vested or unvested. No payment was made with respect to 21,819 shares, which were cancelled in connection with a Transition Agreement between the executive and Philips.
- [F6]The Restricted Stock Units were scheduled to vest beginning on or after the date shown, based on satisfaction of certain performance criteria.