CHUBB JOHN E 4
4 · EDISON SCHOOLS INC · Filed Nov 18, 2003
Insider Transaction Report
Form 4
CHUBB JOHN E
Chief Educational Officer, EVP
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2003-11-14−120,000→ 0 totalExercise: $20.75→ Class A Common Stock (120,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2003-11-14$0.33/sh−100,000$33,000→ 0 totalExercise: $1.43→ Class A Common Stock (100,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2003-11-14−112,369→ 0 totalExercise: $2.50→ Class A Common Stock (112,369 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2003-11-14−18,041→ 0 totalExercise: $2.50→ Class B Common Stock (18,041 underlying) - Disposition to Issuer
Class A Common Stock
2003-11-14$1.76/sh−100,000$176,000→ 0 total
Footnotes (2)
- [F1]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.
- [F2]This option fully vested as of November 14, 2003 and was cancelled in the merger in exchange for a cash payment of $33,000 representing the difference between the exercise price and the merger consideration ($1.76 - $1.43 = $0.33).