4//SEC Filing
KURZWEIL APPLIED INTELLIGENCE INC /DE/ 4
Accession 0001018111-97-000002
CIK 0000769191other
Filed
Jul 8, 8:00 PM ET
Accepted
—
Size
11.0 KB
Accession
0001018111-97-000002
Insider Transaction Report
Form 4
No transactions or holdings reported in this filing.
Footnotes (10)
- [1]On June 27, 1997 the Issuer merged (the "Merger") with a subsidiary of Lernout & Hauspie Speech Products NV ("L&H") pursuant to an Agreement and Plan of Merger approved by stockholders of the Issuer on June 26, 1997.
- [10]These shares become exercisable in quarterly installments from July 31, 1997 through April 30, 2001.
- [2]Exchanged for $5,880 in cash and 66.569 shares of common stock of L&H having a value based on the closing market price on June 27, 1997 of $27.50 per share. The fractional share is payable in cash at the June 27, 1997 market value.
- [3]These derivative securities were exchanged for $25,756 in cash and 291.586 shares of L&H common stock (of which the fractional share is payble in cash at the June 27, 1997 market value.)
- [4]These derivative securities were exchanged for $37,370 in cash and 423.073 shares of L&H common stock (of which the fractional share is payable in cash at the June 27, 1997 market value.)
- [5]These derivative securities were exchanged for $2,208 in cash; 24.989 shares of L&H common stock (of which the fractional share is payable in cash at the June 27, 1997 market value;) and an L&H option to purchase 912.922 shares of L&H common stock at $10.251 per share, with substantially the same terms and conditions as the original option.
- [6]These derivative securities were exchanged for $5,748 in cash; 65.076 shares of L&H common stock (of which the fractional share is pyable in cash at the June 27, 1997 market value;) and an L&H option to purchase 1,783.05 shares of L&H common stock at $10.251 per share, with substantially the same terms and conditions as the original option.
- [7]These derivative securities were exchanged for an L&H option to purchase 1,783.05 shares of L&H common stock at $10.251 per share, with substantially the same terms and conditions as the original option.
- [8]Of these shares, 1,440 become exercisable in quarterly installments from June 30, 1996 through September 30, 1997, and 1,680 are exercisable on each of July 31, 1997 and 1998.
- [9]Of these shares, 7,500 become exercisable in quarterly installments from July 31, 1996 through April 30, 1999, and 1,250 are exercisable on each of July 31, 1997 and 1998.
Documents
Issuer
KURZWEIL APPLIED INTELLIGENCE INC /DE/
CIK 0000769191
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0000769191
Filing Metadata
- Form type
- 4
- Filed
- Jul 8, 8:00 PM ET
- Size
- 11.0 KB