BUTTACAVOLI FRANK A 4
4 · PARLUX FRAGRANCES INC · Filed Apr 19, 2012
Insider Transaction Report
Form 4
BUTTACAVOLI FRANK A
Executive Vice President/COO
Transactions
- Disposition to Issuer
Common Stock
2012-04-18−870,000→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2012-04-18−100,000→ 0 totalExercise: $1.84Exp: 2014-06-05→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to merger agreement among issuer, Perfumania Holdings, Inc. and PFI Merger Corp. in exchange for $4.00 in cash per share and 174,000 shares of Perfumania common stock having a market value of $9.38 per share, the closing price on the day preceding the effective date of the merger.
- [F2]This option, which provided for vesting in three equal installments beginning June 5, 2010, was converted pursuant to the merger agreement into a fully vested option to purchase 53,333 shares of Perfumania common stock with an exercise price of $3.46 per share.