SANDERS KENNETH W 4
4 · SPORTSLINE COM INC · Filed Dec 14, 2004
Insider Transaction Report
Form 4
SANDERS KENNETH W
Executive Vice President
Transactions
- Disposition from Tender
Common Stock, par value $0.01
2004-12-10$1.75/sh−168,577$295,010→ 0 total - Disposition from Tender
Employee Stock Option (Right to Buy)
2004-12-10$0.74/sh−50,000$37,000→ 0 totalExercise: $1.01Exp: 2013-01-22→ Common Stock (50,000 underlying)
Footnotes (5)
- [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]The option vests as follows: 25% on January 22, 2004 and the remainder in equal installments per month for the following 36 months.
- [F3]This option was canceled in the merger in exchange for a cash payment of $37,000, representing the difference between the exercise price of the option and the merger consideration of $1.75 per share.
- [F4]The option vests as follows: 25% on January 2, 2005 and the remainder in equal installments per month for the following 36 months.
- [F5]This option was canceled in the merger in exchange for a cash payment of $24,450, representing the difference between the exercise price of the option and the merger consideration of $1.75 per share.