MCAVOY EDWIN J 4
4 · AML COMMUNICATIONS INC · Filed Jun 1, 2011
Insider Transaction Report
Form 4
MCAVOY EDWIN J
DirectorVP of Sales
Transactions
- Disposition to Issuer
Common stock
2011-05-27$2.50/sh−510,311$1,275,778→ 0 total - Disposition to Issuer
Employee stock option
2011-05-27$0.14/sh−60,000$8,400→ 250,000 totalExercise: $0.14From: 2003-03-14Exp: 2013-03-14→ common stock (60,000 underlying) - Disposition to Issuer
Employee stock option
2011-05-27$1.42/sh−25,000$35,500→ 205,000 totalExercise: $1.42From: 2005-06-14Exp: 2014-06-14→ common stock (25,000 underlying) - Disposition to Issuer
Employee stock option
2011-05-27$1.33/sh−55,000$73,150→ 0 totalExercise: $1.33From: 2011-12-13Exp: 2020-12-13→ Common stock (55,000 underlying) - Disposition to Issuer
Employee stock option
2011-05-27$0.67/sh−20,000$13,400→ 230,000 totalExercise: $0.67From: 2004-10-28Exp: 2013-10-28→ common stock (20,000 underlying)
Footnotes (2)
- [F1]Pursuant to the agreement and plan of merger among the issuer, Microsemi Corporation ("Microsemi") and Atom Acquisition Corp., ("Atom"), dated as of April 11, 2011 (the "Merger Agreement"), the shares of common stock were purchased by Microsemi for a cash payment of $2.50, less all applicable tax withholdings. This option, which all have accelerated to vest, was cancelled in the merger contemplated by the Merger Agreement in exchange for a cash payment of $2.50, representing the number of shares of common stock subject to such option multiplied by the amount by which $2.50 exceeds the exercise price of the option.
- [F2]Pursuant to the agreement and plan of merger among the issuer, Microsemi Corporation ("Microsemi") and Atom Acquisition Corp., ("Atom"), dated as of April 11, 2011 (the "Merger Agreement"), the shares of common stock were purchased by Microsemi for a cash payment of $2.50, less all applicable tax withholdings. This option, which all have accelerated to vest, was cancelled in the merger contemplated by the Merger Agreement in exchange for a cash payment of $2.50, representing the number of shares of common stock subject to such option multiplied by the amount by which $2.50 exceeds the exercise price of the option.