PRISM FINANCIAL CORP 4
4 · PRISM FINANCIAL CORP · Filed May 10, 2000
Insider Transaction Report
Form 4
No transactions or holdings reported in this filing.
Footnotes (3)
- [1]Employee Stock Option (right to acquire) $3.375 1/21/00 A, V 250,000 A and (2) exercisable: (See Note 2.) expiration: 1/21/10 Common Stock, 250,000 shares
- [2]Employee Stock Option (right to acquire) $3.375 4/25/00 J (See Note 2.) 250,000 D Common Stock, 250,000 shares $4.125
- [3]Employee Stock Option (right to acquire) ___________________________________________________________________________ 2. Conversion or Exercise Price of Derivative Security $14.00 ___________________________________________________________________________ 3. Transaction Date (Month/Day/Year) 4/25/00 ___________________________________________________________________________ 4. Transaction Code (Instr. 8) J (See Note 3.) ___________________________________________________________________________ 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 75,000 D ___________________________________________________________________________ 3. Date Exercisable and Expiration Date (Month/Day/Year) exercisable: (See Note 3.) expiration: 5/24/09 ___________________________________________________________________________ 4. Title and Amount of Underlying Securities (Instr. 3 and 4) Common Stock, 75,000 shares ___________________________________________________________________________ 5. Price of Derivative Securities (Instr. 5) (See Note 3.) ___________________________________________________________________________ 9. Number of Derivative Securities Beneficially Owned at End of Month (Instr. 4) 0 ___________________________________________________________________________ 10. Ownership Form of Derivative Security: Direct(D) or Indirect(I) (Instr. 4) D ___________________________________________________________________________ 11. Nature of Indirect Beneficial Ownership (Instr. 4) ___________________________________________________________________________ Note 1. Includes 1,480 shares acquired under Prism Financial Corporation's Employee Stock Purchase Plan in January 2000. Note 2. Pursuant to the merger agreement among Prism Financial Corporation, Prism Acquisition Subsidiary, Inc. and Royal Bank of Canada (the "Merger Agreement"), this option was cancelled in consideration for cash payments, payable according to the option's vesting schedule, equal on a per-share basis to the difference between the exercise price of the option ($3.375) and the cash merger consideration provided for by the Merger Agreement ($7.50). Under the applicable option agreement, this option would have vested as to 83,333 underlying shares on April 30, 2000, as to 83,333 underlying shares on June 19, 2000 and as to 83,334 underlying shares on June 30, 2000. Note 3. Pursuant to the Merger Agreement, this option, which was subject to a five-year vesting schedule, was cancelled without consideration.