MAXCOR FINANCIAL GROUP INC 4
4 · MAXCOR FINANCIAL GROUP INC · Filed May 24, 2005
Insider Transaction Report
Form 4
COOPER MARC S
Director
Transactions
- Disposition to Issuer
Option (right to buy)
2005-05-20$1.33/sh−10,000$13,300→ 0 totalExercise: $12.67Exp: 2014-01-15→ Common Stock (10,000 underlying)
Footnotes (2)
- [F1]These options, which provided for vesting over one year (50% per six months) from the date of grant, January 16, 2004, 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 $13,300, 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.