OPOWER, INC. 4
4 · OPOWER, INC. · Filed Jun 14, 2016
Insider Transaction Report
Form 4
OPOWER, INC.OPWR
Kramer Thomas G.
Chief Financial Officer
Transactions
- Disposition from Tender
Common Stock
2016-06-14$10.30/sh−582,880$6,003,664→ 0 total - Disposition from Tender
Stock Option (Right to Buy)
2016-06-14+47,849→ 0 totalExercise: $10.30Exp: 2021-12-12→ Common Stock (47,849 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the closing on June 14, 2016 of a cash tender offer by Olympus II Acquisition Corporation, a Delaware corporation ("Merger Subsidiary"), which is a subsidiary of OC Acquisition LLC, a Delaware limited liability company ("Parent"), which is a subsidiary of Oracle Corporation, a Delaware corporation ("Oracle").
- [F2]This option was granted on December 13, 2011 pursuant to Opower's 2007 Stock Plan. The vested portion of such option was cancelled and extinguished in exchange for a cash payment as described in the Agreement and Plan of Merger, dated as of May 1, 2016 (the "Merger Agreement"), by and among Opower, Merger Subsidiary, Parent and Oracle, pursuant to which Oracle acquired Opower in a merger (the "Merger") that became effective on June 14, 2016. The unvested portion was assumed by Oracle in the Merger and converted in accordance with the exchange ratio as set forth in the Merger Agreement.