KURZWEIL APPLIED INTELLIGENCE INC /DE/ 4
4 · KURZWEIL APPLIED INTELLIGENCE INC /DE/ · Filed Jul 9, 1997
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.