Powell Stephen John 4
4 · Phase Forward Inc · Filed Aug 13, 2010
Insider Transaction Report
Form 4
Powell Stephen John
V.P., Quality & Reg Compliance
Transactions
- Disposition to Issuer
Common Stock
2010-08-11−81,986→ 34,001 total - Disposition to Issuer
Common Stock
2010-08-11−34,001→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2010-08-11−2,500→ 0 totalExercise: $6.30Exp: 2015-02-16→ Common Stock (2,500 underlying)
Footnotes (5)
- [F1]Pursuant to the Agreement and Plan of Merger between Phase Forward, Oracle Corporation and Pine Acquisition Corporation dated April 15, 2010 (the "Merger Agreement"), each share of Phase Forward common stock will be exchanged for $17.00 in cash, without interest and less any applicable withholding taxes.
- [F2]Shares are represented by restricted stock units.
- [F3]Pursuant to the Merger Agreement, each restricted stock unit will be assumed by Oracle and converted into a restricted stock unit for 0.6984 shares of Oracle common stock.
- [F4]2,500 stock options under this award accelerated and became fully vested as of the closing of the merger.
- [F5]Pursuant to the Merger Agreement, the vested and/or exercisable portion of each Phase Forward stock option will be converted into the right to receive an amount in cash equal to the product of the number of shares issuable upon the exercise of such option and $17.00 minus the exercise price of such option.