ROBBINS STUART M 4
4 · SOUNDVIEW TECHNOLOGY GROUP INC · Filed Jan 20, 2004
Insider Transaction Report
Form 4
ROBBINS STUART M
Director
Transactions
- Disposition to Issuer
Stock Option
2004-01-16−24,000→ 0 totalExercise: $9.70Exp: 2012-06-07→ Common Stock, par value $.01 per share (24,000 underlying) - Disposition to Issuer
Stock Option
2004-01-16−10,000→ 0 totalExercise: $10.16Exp: 2013-07-23→ Common Stock, par value $.01 per share (10,000 underlying)
Footnotes (2)
- [F1]This option, which provided for 4,000 options to vest each quarter in 2002 beginning on June 30, 2002 and 1,000 per quarter thereafter, was cancelled pursuant to the Agreement and Plan of Merger, dated November 18, 2003, among The Charles Schwab Corporation, Shakespeare Merger Corporation and SoundView Technology Group, Inc. in exchange for a cash payment of $139,200, representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($15.50). The cash payment attributable to the unvested portion of the option will be held in an account for the benefit of Mr. Robbins and will be payable to Mr. Robbins upon the same schedule and in amounts corresponding to the vesting of the underlying cancelled option.
- [F2]This option, which provided for vesting in sixteen equal quarterly installments beginning on September 30, 2003, was cancelled in the merger in exchange for a cash payment of $53,400, representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($15.50). The cash payment attributable to the unvested portion of the option will be held in an account for the benefit of Mr. Robbins and will be payable to Mr. Robbins upon the same schedule and in amounts corresponding to the vesting of the underlying cancelled option.