Rogers Michael W 4
4 · SAJAN INC · Filed Jul 19, 2017
Insider Transaction Report
Form 4
SAJAN INCSAJA
Rogers Michael W
Director
Transactions
- Disposition to Issuer
Common Stock
2017-07-19$5.83/sh−1,914$11,159→ 0 total(indirect: By Trust) - Disposition to Issuer
Common Stock
2017-07-19$5.83/sh−12,472$72,712→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2017-07-19−1,250→ 0 totalExercise: $6.60Exp: 2020-02-23→ Common Stock (1,250 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-07-19−1,250→ 0 totalExercise: $5.20Exp: 2021-06-08→ Common Stock (1,250 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-07-19−1,250→ 0 totalExercise: $3.20Exp: 2023-06-13→ Common Stock (1,250 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-07-19−2,500→ 0 totalExercise: $5.40Exp: 2024-06-13→ Common Stock (2,500 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-07-19−2,500→ 0 totalExercise: $4.50Exp: 2026-06-10→ Common Stock (2,500 underlying) - Disposition to Issuer
Common Stock
2017-07-19$5.83/sh−1,914$11,159→ 0 total(indirect: By Partnership) - Disposition to Issuer
Stock Option (Right to Buy)
2017-07-19−1,250→ 0 totalExercise: $5.60Exp: 2020-06-11→ Common Stock (1,250 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-07-19−1,250→ 0 totalExercise: $3.80Exp: 2022-06-06→ Common Stock (1,250 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-07-19−2,500→ 0 totalExercise: $5.81Exp: 2025-06-12→ Common Stock (2,500 underlying)
Footnotes (2)
- [F1]Cancelled pursuant to the Agreement and Plan of Merger (the "Merger Agreement") by and among Sajan, Inc., a Minnesota corporation, Amplexor USA, Inc., a Delaware corporation, ("Amplexor"), and Amplexor Falcon, Inc., a Delaware corporation and a wholly-owned subsidiary of Amplexor, and converted into the right to receive $5.83 per share.
- [F2]Pursuant to the Merger Agreement, each unvested stock option became fully vested and exercisable immediately prior to the effective time of the merger. Each stock option that was outstanding and unexercised as of the effective time of the merger and had an exercise price per share that was less than $5.83 was then cancelled and converted into the right to receive a cash payment equal to $5.83 minus the exercise price, multiplied by the number of shares issuable upon exercise of such stock option, less any required withholding of taxes.