4//SEC Filing
DAngelo Vincent 4
Accession 0001018332-11-000011
CIK 0001018332other
Filed
Jul 26, 8:00 PM ET
Accepted
Jul 27, 10:12 AM ET
Size
10.6 KB
Accession
0001018332-11-000011
Insider Transaction Report
Form 4
DAngelo Vincent
SVP, Chief Accounting Officer
Transactions
- Disposition to Issuer
Common Stock, par value $0.001 per share
2011-07-25$12.00/sh−5,811$69,732→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Common Stock, par value $0.001 per share
2011-07-25$12.00/sh−55,929$671,148→ 0 total - Disposition to Issuer
Employee Stock Options (right to buy)
2011-07-25$4.67/sh−20,000$93,400→ 0 totalExercise: $7.33Exp: 2019-02-10→ Common Stock, par value $0.001 per share (20,000 underlying)
Footnotes (3)
- [F1]On July 25, 2011, L-1 Identity Solutions, Inc., a Delaware corporation (the "Issuer"), was acquired (the "Merger") pursuant to that certain Agreement and Plan of Merger, dated as of September 19, 2010 (the "Merger Agreement"), by and among the Issuer, Safran SA, a french societe anonyme ("Parent"), and Laser Aquisition Sub Inc., a Delaware corporation and wholly owned subsidiary of Parent ("Merger Sub"). In connection with the Merger, all shares of the Issuer's common stock, par value $0.001 per share ("Common Stock"), held by the Reporting Person at the effective time of the Merger (the "Effective Time") were exchanged for merger consideration consisting of $12.00 in cash per share of Common Stock, subject to applicable withholding amounts, as described in the Merger Agreement.
- [F2]Represents shares of Common Stock held in the Reporting Person's 401(k) Plan that were exchanged for merger consideration in the Merger.
- [F3]These options to purchase 20,000 shares of Common Stock, which were scheduled to vest in four equal annual installments beginning on the first anniversary of the date of grant (which was February 9, 2010), became fully vested and exercisable as of immediately prior to the Effective Time. As of the Effective Time, each option was cancelled in the Merger in exchange for a cash payment of $4.67 ($93,400 in the aggregate), representing the difference between the exercise price of the options ($7.33 per share) and the merger consideration ($12.00 per share), subject to applicable tax withholding amounts. Any other stock options held by the Reporting Person were cancelled as of the Effective Time for no value.
Documents
Issuer
L-1 IDENTITY SOLUTIONS, INC.
CIK 0001018332
Entity typeother
Related Parties
1- filerCIK 0001374313
Filing Metadata
- Form type
- 4
- Filed
- Jul 26, 8:00 PM ET
- Accepted
- Jul 27, 10:12 AM ET
- Size
- 10.6 KB