4//SEC Filing
Sames Milan 4
Accession 0000921895-11-001927
CIK 0001089638other
Filed
Oct 11, 8:00 PM ET
Accepted
Oct 12, 8:46 AM ET
Size
8.4 KB
Accession
0000921895-11-001927
Insider Transaction Report
Form 4
NESS TECHNOLOGIES INC(NSTC)
Sames Milan
President, Ness CEE
Transactions
- Disposition to Issuer
Option (right to buy)
2011-10-11$2.65/sh−77,500$205,375→ 0 totalExercise: $5.10Exp: 2017-06-01→ Common Stock, $.01 par value per share (77,500 underlying) - Disposition to Issuer
Restricted Stock Unit
2011-10-11−22,500→ 0 total→ Common Stock, $.01 par value per share (22,500 underlying)
Footnotes (2)
- [F1]This option was cancelled pursuant to the terms of the Agreement and Plan of Merger, dated as of June 10, 2011, by and among the Ness Technologies, Inc., Jersey Holding Corporation and Jersey Acquisition Corporation (the "Merger Agreement") and converted into the right to receive an amount in cash equal to the total number of shares subject to such option, multiplied by the excess, if any, of $7.75 over the exercise price per share of such option, less any applicable withholding taxes.
- [F2]Each Restricted Stock Unit represents a contingent right to receive one share of Common Stock of Ness Technologies, Inc. The Restricted Stock Units became fully vested pursuant to the terms the Merger Agreement and were disposed of pursuant to the terms of the Merger Agreement in exchange for a cash payment of $7.75 per share upon the closing of the merger.
Documents
Issuer
NESS TECHNOLOGIES INC
CIK 0001089638
Entity typeother
Related Parties
1- filerCIK 0001493344
Filing Metadata
- Form type
- 4
- Filed
- Oct 11, 8:00 PM ET
- Accepted
- Oct 12, 8:46 AM ET
- Size
- 8.4 KB