4//SEC Filing
HERVEY JOHN 4
Accession 0001071620-04-000004
CIK 0001071620other
Filed
Jan 19, 7:00 PM ET
Accepted
Jan 20, 2:58 PM ET
Size
9.2 KB
Accession
0001071620-04-000004
Insider Transaction Report
Form 4
HERVEY JOHN
President
Transactions
- Disposition to Issuer
Stock Option
2004-01-16−150,000→ 0 totalExercise: $5.55Exp: 2012-07-11→ Common Stock, par value $.01 per share (150,000 underlying) - Disposition to Issuer
Stock Option
2004-01-16−40,000→ 0 totalExercise: $7.50Exp: 2013-01-28→ Common Stock, par value $.01 per share (40,000 underlying)
Footnotes (2)
- [F1]This option, which provided for vesting in sixteen equal quarterly installments beginning on September 30, 2002, 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 $1,492,500, 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. Hervey and will be payable to Mr. Hervey 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 March 31, 2003, was cancelled in the merger in exchange for a cash payment of $320,000, 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. Hervey and will be payable to Mr. Hervey upon the same schedule and in amounts corresponding to the vesting of the underlying cancelled option.
Documents
Issuer
SOUNDVIEW TECHNOLOGY GROUP INC
CIK 0001071620
Entity typeother
Related Parties
1- filerCIK 0001183980
Filing Metadata
- Form type
- 4
- Filed
- Jan 19, 7:00 PM ET
- Accepted
- Jan 20, 2:58 PM ET
- Size
- 9.2 KB