SAVVIS, Inc. 4
4 · SAVVIS, Inc. · Filed Jul 19, 2011
Insider Transaction Report
Form 4
SAVVIS, Inc.SVVS
PETERSCHMIDT DAVID
Director
Transactions
- Award
Common Stock
2011-07-15+394→ 9,395 total - Disposition to Issuer
Common Stock
2011-07-15−9,395→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2011-07-15−11,938→ 0 totalExercise: $10.48Exp: 2012-07-15→ Common Stock (11,938 underlying)
Footnotes (3)
- [F1]Represents restricted stock awards that 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"), in exchange for the right to receive (i) $30.00 in cash and (ii) 0.2479 of a share of CenturyLink common stock (together, the "Merger Consideration") per share, each became fully vested immediately prior to the effective time of the Merger and converted into the right receive the Merger Consideration.
- [F2]Disposed of pursuant to the Merger Agreement in exchange for the right to receive the Merger Consideration.
- [F3]This option was assumed by CenturyLink pursuant to the Merger Agreement and converted into a fully vested option to purchase 12,252 shares of CenturyLink common stock for $10.22 per share.