4//SEC Filing
Lang Mark C. 4
Accession 0001002531-11-000012
CIK 0001002531other
Filed
May 11, 8:00 PM ET
Accepted
May 12, 6:25 PM ET
Size
10.1 KB
Accession
0001002531-11-000012
Insider Transaction Report
Form 4
Lang Mark C.
Corporate Controller
Transactions
- Disposition to Issuer
Nonstatutory stock option
2011-05-10$4.07/sh−25,000$101,750→ 0 totalExercise: $6.03From: 2010-12-10Exp: 2019-12-10→ Common stock (25,000 underlying) - Disposition to Issuer
Nonstatutory stock option
2011-05-10$3.62/sh−15,000$54,300→ 0 totalExercise: $6.48From: 2011-06-17Exp: 2020-06-17→ Common stock (15,000 underlying)
Footnotes (3)
- [F1]Options were exercisable in three equal installments on 12/10/10, 12/10/11 and 12/10/12.
- [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 an amount in cash 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 the exercise of such stock option, without regard to whether such stock option was then vested.
- [F3]Options were scheduled to vest in three equal installments on 6/17/11, 6/17/12 and 6/17/13.
Issuer
TOLLGRADE COMMUNICATIONS INC \PA\
CIK 0001002531
Entity typeother
Related Parties
1- filerCIK 0001478286
Filing Metadata
- Form type
- 4
- Filed
- May 11, 8:00 PM ET
- Accepted
- May 12, 6:25 PM ET
- Size
- 10.1 KB