BLAKE KENNETH E 4
4 · ARTESYN TECHNOLOGIES INC · Filed May 1, 2006
Insider Transaction Report
Form 4
BLAKE KENNETH E
Other
Transactions
- Disposition to Issuer
Restricted Stock
2006-04-28$11.00/sh−13,400$147,400→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2006-04-28$3.32/sh−40,000$132,800→ 0 totalExercise: $7.68Exp: 2009-07-26→ Common Stock (40,000 underlying) - Disposition to Issuer
Common Stock
2006-04-28$11.00/sh−9,814$107,954→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2006-04-28$5.63/sh−10,000$56,300→ 0 totalExercise: $5.37Exp: 2006-10-16→ Common Stock (10,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement") by and among issuer, Emerson Electric Co. and Atlanta Acquisition Sub, Inc., dated as of February 1, 2006 and amended as of March 16, 2006, in exchange for $11.00 for each share of common stock of the issuer (the "Common Stock") held by the reporting person.
- [F2]This option provided for (i) 50% vesting after the second anniversary of the date of grant, (ii) an additional 50% vest after the third anniversary, each subject to price performance of the Common Stock, and (iii) 100% vesting 58 months from the date of grant regardless of performance of the stock price. This option was disposed of pursuant to the Merger Agreement in exchange for a cash payment equal to the product of (i) the number of shares of Common Stock subject to the option multiplied by (ii) the excess, if any, of $11.00 over the exercise price per share of Common Stock under such option.