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4//SEC Filing

CARDONNE RAYMOND A JR 4

Accession 0000950172-03-003264

CIK 0000082788other

Filed

Nov 9, 7:00 PM ET

Accepted

Nov 10, 11:19 AM ET

Size

11.0 KB

Accession

0000950172-03-003264

Insider Transaction Report

Form 4
Period: 2003-11-07
REFAC(AMEX:REF)
CARDONNE RAYMOND A JR
V.P. & Chief Financial Officer
Transactions
  • Award

    Options to acquire common stock

    2003-11-07+5,00057,500 total
    Exercise: $5.02From: 2003-11-07Exp: 2008-11-07Common stock (5,000 underlying)
Footnotes (2)
  • [F1]Mr. Cardonne received from Refac 15,000 options to acquire shares of common stock pursuant to the Amended and Restated Employment Agreement between Mr. Cardonne and Refac, dated as of November 7, 2003.
  • [F2]Pursuant to the Agreement and Plan of Merger among Refac, Palisade Concentrated Equity Partnership, L.P.("Palisade") and a wholly-owned subsidiary of Palisade (the "Merger Agreement"), dated as of August 19, 2002, Mr. Cardonne will acquire 0.2 shares of Refac common stock, $3.60 in cash and the Payment Right (as defined in the Merger Agreement) per option upon exercise of 42,500 of such options. With respect to the 15,000 options granted on November 7, 2003, Mr. Cardonne will acquire one share of Refac common stock per option exercised.

Issuer

REFAC

CIK 0000082788

Entity typeother

Related Parties

1
  • filerCIK 0001237795

Filing Metadata

Form type
4
Filed
Nov 9, 7:00 PM ET
Accepted
Nov 10, 11:19 AM ET
Size
11.0 KB