4//SEC Filing
Wolfson Morris 4
Accession 0000921895-11-001932
CIK 0001089638other
Filed
Oct 11, 8:00 PM ET
Accepted
Oct 12, 8:55 AM ET
Size
9.7 KB
Accession
0000921895-11-001932
Insider Transaction Report
Form 4
NESS TECHNOLOGIES INC(NSTC)
Wolfson Morris
Director
Transactions
- Disposition to Issuer
Common Stock, $.01 par value per share
2011-10-11$7.75/sh−353,166$2,737,037→ 0 total(indirect: By Morris Wolfson Family LP) - Disposition to Issuer
Common Stock, $.01 par value per share
2011-10-11$7.75/sh−10,886$84,367→ 0 total - Disposition to Issuer
Option (right to buy)
2011-10-11$3.22/sh−20,000$64,400→ 0 totalExercise: $4.53Exp: 2016-01-13→ Common Stock, $.01 par value per share (20,000 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to the terms of the Agreement and Plan of Merger, dated as of June 10, 2011, by and among Ness Technologies, Inc., Jersey Holding Corporation and Jersey Acquisition Corporation (the "Merger Agreement") in exchange for a cash payment of $7.75 per share upon the closing of the merger.
- [F2]Morris Wolfson Family LP made charitable contributions of a total of 460,000 shares in September 2011.
- [F3]These shares are owned by Morris Wolfson Family LP, a family limited partnership of which Arielle Wolfson, Mr. Wolfson's wife, is the general partner. Mr. Wolfson disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- [F4]This option was cancelled pursuant to the terms of 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.
Documents
Issuer
NESS TECHNOLOGIES INC
CIK 0001089638
Entity typeother
Related Parties
1- filerCIK 0001298117
Filing Metadata
- Form type
- 4
- Filed
- Oct 11, 8:00 PM ET
- Accepted
- Oct 12, 8:55 AM ET
- Size
- 9.7 KB