RUSSELL TIMOTHY L 4
4 · DATAKEY INC · Filed Dec 15, 2004
Insider Transaction Report
Form 4
DATAKEY INCDKEY
RUSSELL TIMOTHY L
Other
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2004-12-15−190,000→ 0 totalExercise: $0.79Exp: 2014-02-22→ Common Stock (190,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2004-12-15$0.64/sh−2,771$1,773→ 0 totalExercise: $0.01Exp: 2010-06-30→ Common Stock (2,771 underlying) - Disposition to Issuer
Stock Option (right to buy)
2004-12-15−75,000→ 0 totalExercise: $0.75Exp: 2013-05-04→ Common Stock (75,000 underlying)
Footnotes (3)
- [F1]The option, which was fully exercisable, was cancelled pursuant to a merger agreement by and among the Issuer, SafeNet, Inc. and Snowflake Acquisition Corp. ("Snowflake"), a wholly-owned subsidiary of SafeNet (the "Merger"), in exchange for a cash payment of $1,773.40, representing the difference between the exercise price of the option and the purchase price provided for in the Merger ($0.65).
- [F2]The Option, which provided for vesting in four annual increments of 18,750 shares on May 5, 2003, was assumed by Snowflake and replaced with an option to purchase 1,420 shares of SafeNet common stock for $40.15 per share pursuant to the Merger.
- [F3]The option, which provided for vesting in two annual increments of 95,000 shares beginning on February 23, 2005, was assumed by Snowflake and replaced with an option to purchase 3,596 shares of SafeNet common stock for $41.74 per share pursuant to the Merger.