Chazen Gary D 4
4 · CHATTEM INC · Filed Mar 12, 2010
Insider Transaction Report
Form 4
CHATTEM INCCHTT
Chazen Gary D
Director
Transactions
- Disposition to Issuer
1999 Stock Option (right to buy)
2010-03-10$56.44/sh−3,750$211,650→ 0 totalExercise: $37.06Exp: 2016-04-12→ Common Stock (3,750 underlying) - Disposition to Issuer
1999 Stock Option (right to buy)
2010-03-10$33.77/sh−2,000$67,540→ 0 totalExercise: $59.73Exp: 2017-04-11→ Common Stock (2,000 underlying) - Disposition to Issuer
1999 Stock Option (right to buy)
2010-03-10$41.13/sh−2,000$82,260→ 0 totalExercise: $52.37Exp: 2019-04-08→ Common Stock (2,000 underlying) - Disposition to Issuer
1999 Stock Option (right to buy)
2010-03-10$23.15/sh−2,000$46,300→ 0 totalExercise: $70.35Exp: 2018-04-09→ Common Stock (2,000 underlying)
Footnotes (2)
- [F1]The options became fully vested and exercisable in accordance with their terms on February 9, 2010, upon the consummation of the tender offer commenced by River Acquisition Corp. ("River"), an indirect wholly-owned subsidiary of sanofi-aventis ("sanofi"), for all outstanding shares of issuer common stock.
- [F2]Pursuant to the Agreement and Plan of Merger, dated as of December 20, 2009, among the issuer, sanofi and River, the option was canceled in exchange for a cash payment equal to (i) the excess of (A) the merger consideration per share of issuer common stock (or $93.50 per share), over (B) the exercise price per share of issuer common stock subject to the option, multiplied by (ii) the number of shares of issuer common stock underlying the option.