4//SEC Filing
TEKELEC 4
Accession 0000950138-12-000046
CIK 0000790705operating
Filed
Jan 29, 7:00 PM ET
Accepted
Jan 30, 6:59 PM ET
Size
7.8 KB
Accession
0000950138-12-000046
Insider Transaction Report
Form 4
TEKELECTKLC
RESSNER MICHAEL P
Director
Transactions
- Disposition to Issuer
Common Stock
2012-01-27$11.00/sh−16,000$176,000→ 0 total - Disposition to Issuer
Restricted Stock Units
2012-01-27$11.00/sh−8,000$88,000→ 0 total→ Common Stock (8,000 underlying)
Footnotes (3)
- [F1]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, each share of Tekelec Common Stock was canceled in exchange for a cash payment of $11.00 per share.
- [F2]Restricted Stock Units convert to Tekelec Common Stock on a one-for-one basis.
- [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.
Documents
Issuer
TEKELEC
CIK 0000790705
Entity typeoperating
IncorporatedCA
Related Parties
1- filerCIK 0000790705
Filing Metadata
- Form type
- 4
- Filed
- Jan 29, 7:00 PM ET
- Accepted
- Jan 30, 6:59 PM ET
- Size
- 7.8 KB