CHEN ZHONGSU 4
4 · China TransInfo Technology Corp. · Filed Nov 2, 2012
Insider Transaction Report
Form 4
CHEN ZHONGSU
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2012-10-31$0.71/sh−30,000$21,300→ 0 totalExercise: $5.09Exp: 2013-05-01→ Common Stock (30,000 underlying)
Footnotes (3)
- [F1]On October 31, 2012, China TransInfo Technology Corp. (the "Issuer") completed the merger pursuant to that certain Agreement and Plan of Merger dated as of June 8, 2012 (the "Merger Agreement"), by and among the Issuer, TransCloud Company Limited, a Cayman Islands exempted company with limited liability ("Parent") and TransCloud Acquisition, Inc., a Nevada corporation and a wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent.
- [F2]The option was disposed pursuant to the Merger Agreement.
- [F3]10,000 options were vested on June 1, 2009 and the remaining options vested pro rata quarterly through May 1, 2011.