SHAUGHNESSY DENNIS R 4
4 · Phase Forward Inc · Filed Aug 13, 2010
Insider Transaction Report
Form 4
SHAUGHNESSY DENNIS R
Director
Transactions
- Disposition to Issuer
Common Stock
2010-08-11−14,365→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2010-08-11−45,000→ 0 totalExercise: $10.29Exp: 2015-11-22→ Common Stock (45,000 underlying)
Footnotes (3)
- [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]This option is fully vested.
- [F3]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.