4//SEC Filing
KURZWEIL APPLIED INTELLIGENCE INC /DE/ 4
Accession 0001018112-97-000003
CIK 0000769191other
Filed
Jul 8, 8:00 PM ET
Accepted
—
Size
11.1 KB
Accession
0001018112-97-000003
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 October 31, 1996 through July 31, 2000.
- [2]Exchanged for $420 in cash and 4.755 shares of common stock of L&H having a value based on the closing 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 $3,030 in cash and 34.304 shares of L&H common stock (of which the fractional share is payable in cash at the June 27, 1997 market value.)
- [4]These derivative securities were exchanged for $5,048 in cash and 57.151 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 $1,619 in cash;18.326 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 669.476 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 $2,904 in cash; 32.877 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 1,126.174 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 $10,777 in cash; 122.005 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 4,828.975 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, 1,056 become exercisable in quarterly installments from June 30, 1996 through September 30, 1997, and 1,232 are exercisable on each of July 31, 1997 and 1998.
- [9]Of these shares, 5,052 become exercisable in quarterly installments from July 31, 1996 through April 30, 1999, and 474 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
- 11.1 KB