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KURZWEIL APPLIED INTELLIGENCE INC /DE/ 4

Accession 0001018113-97-000002

CIK 0000769191other

Filed

Jul 8, 8:00 PM ET

Accepted

Size

8.7 KB

Accession

0001018113-97-000002

Insider Transaction Report

Form 4
Period: 1997-06-30

No transactions or holdings reported in this filing.

Footnotes (4)
  • [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.
  • [2]Exchanged for $7,878 in cash and 89.183 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]Exchanged for $5,873 in cash and 66.489 shares of L&H common stock. The fractional share is payable in cash at the June 27, 1997 market value.
  • [4]Exchanged for $461 in cash and 5.219 shares of L&H common stock. The fractional share is payable in cash at the June 27, 1997 market value. * The options covering these derivative securities by their terms became exercisable in full as a result of the Merger and pursuant to the terms of the Merger, were terminated at the effective time of the Merger on June 27, 1997.

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
8.7 KB