4//SEC Filing
BIO REFERENCE LABORATORIES INC 4
Accession 0001019056-05-000453
CIK 0000792641operating
Filed
Apr 26, 8:00 PM ET
Accepted
Apr 27, 3:08 PM ET
Size
11.8 KB
Accession
0001019056-05-000453
Insider Transaction Report
Form 4
DUBINETT HOWARD
DirectorExecutive VP, COO
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2005-04-14−13,334→ 0 totalExercise: $0.72From: 1997-05-13Exp: 2007-05-12→ Common Stock (13,334 underlying) - Exercise/Conversion
Common Stock
2005-04-14$0.72/sh+13,334$9,583→ 481,001 total - Other
Forward Contract (Right/Obligation to Sell)
2004-03-30−0→ 0 total→ Common Stock
Holdings
- 4,000
Stock Option (right to buy)
Exercise: $6.80From: 2002-01-16Exp: 2007-01-16→ Common Stock (4,000 underlying)
Footnotes (2)
- [F1]Includes 477,001 shares owned directly and 4,000 shares issuable upon exercise of options.
- [F2]In lieu of an outright sale, on March 30, 2004, Howard Dubinett entered into a pre-paid variable forward sales contract ("Forward Contract") with Bear Stearns Bank plc ("Bear Stearns"). Pursuant to the Forward Contract, Mr. Dubinett pledged 100,000 shares of his BRLI Common Stock to secure his obligation to deliver a maximum 100,000 shares of BRLI Common Stock to Bear Stearns on March 30, 2006 (the "Settlement Date"). As prepayment for the pledge of these shares, Bear Stearns paid Mr. Dubinett $1,297,680 or approximately $12.98 per share representing 80.75% of the proceeds from the sale of 100,000 shares on March 30, 31 and April 1, 2004. The shares that Mr. Dubinett will be obligated to deliver on the Settlement Date varies based on the price of the Common Stock on the Settlement Date. Mr. Dubinett will benefit from any excess in the price of the Common Stock on the Settlement Date between $16.07 per share up to a maximum $21.69 per share by being able to deliver fewer shares.
Documents
Issuer
BIO REFERENCE LABORATORIES INC
CIK 0000792641
Entity typeoperating
IncorporatedNJ
Related Parties
1- filerCIK 0000792641
Filing Metadata
- Form type
- 4
- Filed
- Apr 26, 8:00 PM ET
- Accepted
- Apr 27, 3:08 PM ET
- Size
- 11.8 KB