SCHWARTZBAUER CHRISTOPHER A 4
4 · DATAKEY INC · Filed Dec 15, 2004
Insider Transaction Report
Form 4
DATAKEY INCDKEY
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2004-12-15−135,000→ 0 totalExercise: $0.79Exp: 2014-02-22→ Common Stock (135,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2004-12-15−75,000→ 0 totalExercise: $0.70Exp: 2013-06-29→ Common Stock (75,000 underlying)
Footnotes (2)
- [F1]The option, which is exercisable in four annual increments of 18,750 shares beginning June 30, 2003, was assumed by Snowflake Acquisition Corp. ("Snowflake"), a wholly-owned subsidiary of SafeNet, Inc., and replaced with an option to purchase 1,420 shares of SafeNet common stock for $36.98 per share, pursuant to a merger agreement by and among the Issuer, SafeNet and Snowflake (the "Merger").
- [F2]The option, which becomes exercisable as to 67,500 shares on February 23, 2005 and 2006, was assumed by Snowflake and replaced with an option to purchase 2,555 shares of SafeNet common stock for $41.74 per share pursuant to the Merger.