Nulty Gregory M 4
4 · TOLLGRADE COMMUNICATIONS INC \PA\ · Filed May 12, 2011
Insider Transaction Report
Form 4Exit
Nulty Gregory M
VP, Marketing and Bus Dev
Transactions
- Disposition to Issuer
Nonstatutory stock option
[F2][F1]2011-05-10$3.62/sh−50,000$181,000→ 0 totalExercise: $6.48From: 2011-06-17Exp: 2020-06-17→ Common stock (50,000 underlying)
Footnotes (2)
- [F1]Options were scheduled to vest in three equal installments on 6/17/2011, 6/17/2012 and 6/17/2013.
- [F2]Pursuant to the Agreement and Plan of Merger, dated February 21, 2011, among Tollgrade Communications, Inc., Talon Holdings, Inc. and Talon Merger Sub, Inc., effective as of May 10, 2011, each stock option was canceled and converted into the right to receive in cash an amount equal to the product of (a) the excess, if any, of $10.10 over the exercise price of such stock option, multiplied by (b) the number of shares which otherwise could have been purchased upon exercise of such stock option, without regard to whether such stock option was then vested.
Signature
/s/Jennifer M. Reinke, attorney-in-fact for Gregory M. Nulty|2011-05-12