4//SEC Filing
FATHERS WILLIAM D 4
Accession 0001058444-11-000019
CIK 0001058444other
Filed
Jul 18, 8:00 PM ET
Accepted
Jul 19, 6:55 PM ET
Size
15.7 KB
Accession
0001058444-11-000019
Insider Transaction Report
Form 4
SAVVIS, Inc.SVVS
FATHERS WILLIAM D
Managing Director US
Transactions
- Disposition to Issuer
Common Stock
2011-07-15−4,309→ 174,097 total - Disposition to Issuer
Common Stock
2011-07-15−14,097→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2011-07-15−44,651→ 0 totalExercise: $11.67Exp: 2019-06-29→ Common Stock (44,651 underlying) - Award
Common Stock
2011-07-15+64,097→ 178,406 total - Disposition to Issuer
Common Stock
2011-07-15−160,000→ 14,097 total - Disposition to Issuer
Employee Stock Option (right to buy)
2011-07-15−75,000→ 0 totalExercise: $16.13Exp: 2018-07-31→ Common Stock (75,000 underlying)
Footnotes (6)
- [F1]Represents (i) 50,000 restricted stock units which were subject to vesting over three years contingent upon meeting 2011 performance-based conditions and which were converted pursuant to the agreement and plan of merger (the "Merger Agreement") among SAVVIS, Inc., a Delaware corporation ("Savvis"), CenturyLink, Inc., a Louisiana corporation ("CenturyLink") and Mimi Acquisition Company, a Delaware Corporation and wholly owned subsidiary of CenturyLink ("Merger Sub"), pursuant to which Merger Sub merged with and into Savvis (the "Merger"), into the right to receive (a) $30.00 in cash and (b) 0.2479 of a share of CenturyLink common stock (together, the "Merger Consideration") per share as described in footnote [3] below, and (ii) 14,097 restricted stock units granted under Savvis' 2011 Annual Incentive Plan which were converted pursuant to the Merger Agreement as described in footnote [4] below.
- [F2]Disposed of pursuant to the Merger Agreement in exchange for the right to receive the Merger Consideration.
- [F3]Represents restricted stock units, and pursuant to the Merger Agreement, (i) 50% of the unvested restricted stock units outstanding immediately prior to the closing date of the Merger became fully vested as of the closing date of the Merger and converted into the right to receive the Merger Consideration and (ii) 50% of the unvested restricted stock units outstanding immediately prior to the closing date of the Merger were assumed by CenturyLink as of the closing date of the Merger and converted into CenturyLink restricted stock units.
- [F4]Represents restricted stock units granted under Savvis' 2011 Annual Incentive Plan that pursuant to the Merger Agreement, were converted into the right to receive a cash payment of $300,040.48.
- [F5]This option was assumed by CenturyLink pursuant to the Merger Agreement and converted into a fully vested option to purchase 76,973 shares of CenturyLink common stock for $15.72 per share.
- [F6]This option was assumed by CenturyLink pursuant to the Merger Agreement and converted into a fully vested option to purchase 45,825 shares of CenturyLink common stock for $11.38 per share.
Documents
Issuer
SAVVIS, Inc.
CIK 0001058444
Entity typeother
Related Parties
1- filerCIK 0001396837
Filing Metadata
- Form type
- 4
- Filed
- Jul 18, 8:00 PM ET
- Accepted
- Jul 19, 6:55 PM ET
- Size
- 15.7 KB