SPORTSLINE COM INC 4
4 · SPORTSLINE COM INC · Filed Dec 14, 2004
Insider Transaction Report
Form 4
LEVY MICHAEL/
DirectorPresident and CEO
Transactions
- Disposition from Tender
Common Stock, par value $0.01
2004-12-10$1.75/sh−1,896,530$3,318,928→ 0 total - Disposition from Tender
Common Stock, par value $0.01
2004-12-10$1.75/sh−60,000$105,000→ 0 total(indirect: By Corporation) - Disposition from Tender
Employee Stock Option (Right to Buy)
2004-12-10$0.51/sh−175,000$89,075→ 0 totalExercise: $1.24Exp: 2014-01-01→ Common Stock (175,000 underlying)
Footnotes (6)
- [F1]On December 10, 2004, Stargate Acquisition Corp. Two, an indirect subsidiary of Viacom Inc. (Viacom), merged into the Issuer, with the Issuer as the surviving corporation of the merger. As a result of the merger, the Issuer became an indirect, wholly-owned subsidiary of Viacom. Each outstanding share of common stock, par value $0.01 per share, of the Issuer held by the Reporting Person immediately prior to the merger was converted into the right to receive $1.75 in cash.
- [F2]Shares owned by non-profit corporation established for religous, charitable, scientific, educational and literary purposes, of which Mr. Levy is a director and the president.
- [F3]The option vests as follows: 25% on January 2, 2005 and the remainder in equal installments per month for the following 36 months.
- [F4]This option was canceled in the merger in exchange for a cash payment of $89,075.00, representing the difference between the exercise price of the option and the merger consideration of $1.75 per share.
- [F5]The option vests as follows: 25% on January 22, 2004 and the remainder in equal installments per month for the following 36 months.
- [F6]This option was canceled in the merger in exchange for a cash payment of $129,500.00, representing the difference between the exercise price of the option and the merger consideration of $1.75 per share.