VASTERA INC 4
4 · VASTERA INC · Filed Apr 19, 2005
Insider Transaction Report
Form 4
VASTERA INCVAST
DAVENPORT TIMOTHY A
DirectorPresident & CEO
Transactions
- Disposition to Issuer
Common Stock
2005-04-01$3.00/sh−35,000$105,000→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2005-04-01−10,000→ 0 totalExercise: $2.36Exp: 2012-07-29→ Common Stock (10,000 underlying)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger by and among JPMorgan Chase Bank, National Association, JPM Merger Sub Inc., and Vastera, Inc., dated January 6, 2005, each share of Vastera, Inc. common stock was exchanged for $3.00 in cash, without interest.
- [F2]Each stock option granted pursuant to the Vastera, Inc. 1996 Stock Option Plan and 2000 Stock Incentive Plan were fully vested and then cancelled as part of the merger in exchange for a cash payment equal to the difference between the exercise price of the option and the cas portion fo the merger consideration ($3.00 per share) times the option shares outstanding.