ADVENT SOFTWARE INC /DE/ 4
4 · ADVENT SOFTWARE INC /DE/ · Filed Jul 10, 2015
Insider Transaction Report
Form 4
Frandsen Michael Lyle
Director
Transactions
- Disposition to Issuer
Common Stock
2015-07-08$44.25/sh−2,611$115,537→ 0 total - Disposition to Issuer
Stock Appreciation Rights
2015-07-08$15.24/sh−18,277$278,541→ 0 totalExercise: $29.01From: 2015-05-07Exp: 2024-05-07→ Common Stock (18,277 underlying)
Footnotes (2)
- [F1]Consists of vested restricted stock units that were disposed of pursuant to the terms of the Merger Agreement by and among the Company, SS&C Technologies Holdings, Inc. and Arbor Acquisition Corporation in exchange for a cash payment of $44.25 per share on the effective date of the merger. The awards fully vested on the effective date of the merger per the terms of the award agreement.
- [F2]Represents vested stock appreciation rights that were disposed of pursuant to the Merger Agreement in exchange for a cash payment of $278,541, representing the aggregate difference between the exercise price of the stock appreciation right and the merger consideration of $44.25 per share. The awards fully vested on the effective date of the merger per the terms of the award agreement.