SCHMIDT BENNO C JR 4
4 · EDISON SCHOOLS INC · Filed Nov 18, 2003
Insider Transaction Report
Form 4
SCHMIDT BENNO C JR
DirectorChairman
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2003-11-14−225,000→ 0 totalExercise: $20.75→ Class A Common Stock (225,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2003-11-14−61,856→ 0 totalExercise: $2.50→ Class B Common Stock (61,856 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2003-11-14−112,500→ 0 totalExercise: $3.00→ Class A Common Stock (112,500 underlying) - Disposition to Issuer
Class B Common Stock
2003-11-14$1.76/sh−685$1,206→ 0 total(indirect: .) - Disposition to Issuer
Stock Option (Right to Buy)
2003-11-14−491,700→ 0 totalExercise: $2.50→ Class A Common Stock (491,700 underlying) - Disposition to Issuer
Class A Common Stock
2003-11-14$1.76/sh−263,516$463,788→ 0 total - Disposition to Issuer
Class B Common Stock
2003-11-14$1.76/sh−39,103$68,821→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2003-11-14−66,500→ 0 totalExercise: $20.75→ Class A Common Stock (66,500 underlying) - Disposition to Issuer
Class A Common Stock
2003-11-14$1.76/sh−63,000$110,880→ 0 total(indirect: .) - Disposition to Issuer
Class A Common Stock
2003-11-14$1.76/sh−7,065$12,434→ 0 total(indirect: .) - Disposition to Issuer
Stock Option (Right to Buy)
2003-11-14−12,500→ 0 totalExercise: $3.00→ Class B Common Stock (12,500 underlying)
Footnotes (3)
- [F1]All shares held in trust for the benefit of the Reporting Person.
- [F2]All shares held in trust for the benefit of a child of the Reporting Person.
- [F3]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.