Gelbard Robert 4
4 · L-1 IDENTITY SOLUTIONS, INC. · Filed Jul 27, 2011
Insider Transaction Report
Form 4
Gelbard Robert
Director
Transactions
- Disposition to Issuer
Common Stock, par value $0.001 per share
2011-07-25$12.00/sh−39,932$479,184→ 0 total
Footnotes (1)
- [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.