4//SEC Filing
MAXCOR FINANCIAL GROUP INC 4
Accession 0001019056-05-000589
CIK 0000931707operating
Filed
May 23, 8:00 PM ET
Accepted
May 24, 2:26 PM ET
Size
16.9 KB
Accession
0001019056-05-000589
Insider Transaction Report
Form 4
SCHARF MICHAEL J
Director
Transactions
- Disposition to Issuer
Option (right to buy)
2005-05-20$3.30/sh−10,000$33,000→ 0 totalExercise: $10.70Exp: 2013-07-21→ Common Stock (10,000 underlying) - Disposition to Issuer
Common Stock, par value $.001
2005-05-20$14.00/sh−3,733$52,262→ 0 total(indirect: By Trust) - Disposition to Issuer
Common Stock, par value $.001
2005-05-20$14.00/sh−464,038$6,496,532→ 0 total - Disposition to Issuer
Common Stock, par value $.001
2005-05-20$14.00/sh−9,500$133,000→ 0 total(indirect: By Trust)
Footnotes (2)
- [F1]These options, which provided for vesting over one year (50% per six months) from the date of grant, July 22, 2003, were canceled in the merger of Magnet Acquisition Corp. with and into the Issuer (the "Merger") pursuant to the Agreement and Plan of Merger, dated as of April 4, 2005, by and among the Issuer, BGC Partners, L.P. and Magnet Acquisition Corp. in exchange for a cash payment of $33,000, representing the difference between the exercise price of the option and the $14.00 per share of Common Stock payable as consideration in the Merger.
- [F2]These options, which provided for vesting over one year (50% per six months) from the date of grant, August 3, 2004, were canceled in the Merger in exchange for a cash payment of $50,550, representing the difference between the exercise price of the option and the $14.00 per share of Common Stock payable as consideration in the Merger.
Issuer
MAXCOR FINANCIAL GROUP INC
CIK 0000931707
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000931707
Filing Metadata
- Form type
- 4
- Filed
- May 23, 8:00 PM ET
- Accepted
- May 24, 2:26 PM ET
- Size
- 16.9 KB