SHRIVER TIMOTHY P 4
4 · EDISON SCHOOLS INC · Filed Nov 18, 2003
Insider Transaction Report
Form 4
SHRIVER TIMOTHY P
Director
Transactions
- Disposition to Issuer
Class A Common Stock
2003-11-14$1.76/sh−15,000$26,400→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2003-11-14$0.33/sh−15,000$4,950→ 0 totalExercise: $1.43→ Class A Common Stock (15,000 underlying)
Footnotes (2)
- [F1]This option fully vested as of November 14, 2003 and was cancelled in the merger in exchange for a cash payment of $4,950 representing the difference between the exercise price paid and the merger consideration ($1.76 - $1.43 = $0.33).
- [F2]This option fully vested as of November 14, 2003 and was cancelled in the merger. Since the exercise price exceeded the merger consideration, no value was received.