4//SEC Filing
Reed Houck S 4
Accession 0000950138-12-000054
CIK 0000790705other
Filed
Jan 29, 7:00 PM ET
Accepted
Jan 30, 7:13 PM ET
Size
19.1 KB
Accession
0000950138-12-000054
Insider Transaction Report
Form 4
TEKELECTKLC
Reed Houck S
VP, BNS Product Management
Transactions
- Disposition to Issuer
Restricted Stock Units
2012-01-27$11.00/sh−4,500$49,500→ 0 total→ Common Stock (4,500 underlying) - Disposition to Issuer
Share Appreciation Rights
2012-01-27$3.34/sh−18,000$60,120→ 0 totalExercise: $7.66Exp: 2017-02-25→ Common Stock (18,000 underlying) - Disposition to Issuer
Restricted Stock Units
2012-01-27$11.00/sh−3,000$33,000→ 0 total→ Common Stock (3,000 underlying) - Disposition to Issuer
Restricted Stock Units
2012-01-27$11.00/sh−1,300$14,300→ 0 total→ Common Stock (1,300 underlying) - Disposition to Issuer
Restricted Stock Units
2012-01-27$11.00/sh−5,328$58,608→ 0 total→ Common Stock (5,328 underlying) - Disposition to Issuer
Restricted Stock Units
2012-01-27$11.00/sh−6,000$66,000→ 0 total→ Common Stock (6,000 underlying)
Holdings
- 0
Common Stock
Footnotes (7)
- [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, the share appreciation rights ("SARs"), which provided for vesting in four equal annual installments commencing on 02/25/2012, were canceled in exchange for a cash payment of $60,120, representing the difference between the grant price of the SARs and the market value of the underlying common stock on the effective date of the merger ($11.00 per share). The per share difference is set forth in Table II, Column 8.
- [F2]Each restricted stock unit converts to 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 ("RSUs"), which provided for vesting in two equal installments on 02/27/2012 and 02/27/2013, became fully vested, and each restricted stock unit was canceled in exchange for a cash payment of $11.00.
- [F4]Pursuant to the Merger Agreement, at the effective time of the merger, the RSUs, which provided for vesting on 02/27/2012, became fully vested, and each restricted stock unit was canceled in exchange for a cash payment of $11.00.
- [F5]Pursuant to the Merger Agreement, at the effective time of the merger, the RSUs, which provided for vesting in three equal installments on 02/26/2012, 02/26/2013 and 02/26/2014, became fully vested, and each restricted stock unit was canceled in exchange for a cash payment of $11.00.
- [F6]Pursuant to the Merger Agreement, at the effective time of the merger, the RSUs, which provided for vesting in four equal annual installments commencing on 02/25/2012, became fully vested, and each restricted stock unit was canceled in exchange for a cash payment of $11.00.
- [F7]Pursuant to the Merger Agreement, at the effective time of the merger, the RSUs, which provided for vesting on 03/01/2012, became fully vested, and each restricted stock unit was canceled in exchange for a cash payment of $11.00.
Documents
Issuer
TEKELEC
CIK 0000790705
Entity typeother
Related Parties
1- filerCIK 0001527936
Filing Metadata
- Form type
- 4
- Filed
- Jan 29, 7:00 PM ET
- Accepted
- Jan 30, 7:13 PM ET
- Size
- 19.1 KB