Colaluca Anthony Jr 4
4 · TEKELEC · Filed Jan 30, 2012
Insider Transaction Report
Form 4
TEKELECTKLC
Colaluca Anthony Jr
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2012-01-27$11.00/sh−10,000$110,000→ 0 total→ Common Stock (10,000 underlying) - Disposition to Issuer
Restricted Stock Units
2012-01-27$11.00/sh−8,000$88,000→ 0 total→ Common Stock (8,000 underlying)
Holdings
- 0
Common Stock
Footnotes (3)
- [F1]Restricted Stock Units convert to Tekelec Common Stock on a one-for-one basis.
- [F2]Pursuant to the Agreement and Plan of Merger dated as of November 6, 2011 by and among the issuer, Titan Private Holdings I, LLC and Titan Private Acquisition Corp. (the "Merger Agreement"), at the effective time of the merger, the restricted stock units became fully vested, and each restricted stock unit was canceled in exchange for a cash payment of $11.00. The restricted stock units were scheduled to vest in three equal annual installments commencing on February 25, 2012 or, to the extent then unvested, upon a change in control of the issuer.
- [F3]Pursuant to the Merger Agreement, at the effective time of the merger, the restricted stock units became fully vested, and each restricted stock unit was canceled in exchange for a cash payment of $11.00. The restricted stock units were scheduled to vest on the earlier of (i) May 13, 2012, (ii) the day immediately preceding the date of the issuer's 2012 Annual Meeting of Shareholders, or (iii) a change in control of the issuer.