T/R SYSTEMS INC 4

4 · T/R SYSTEMS INC · Filed Nov 12, 2003

Form 4

Period: 2003-11-03

Director

Transactions

Disposition to Issuer
Common Stock
2003-11-03$1.57/sh−1,548,350$2,438,342→ 0 total(indirect: See footnote)
Disposition to Issuer
Stock Option(Right To Buy)
2003-11-03$1.57/sh−10,000$15,748→ 0 total
Exercise: $0.90From: 2003-11-03Exp: 2003-11-03→ Common Stock (10,000 underlying)
Disposition to Issuer
Stock Option(Right To Buy)
2003-11-03−15,000→ 0 total
Exercise: $10.00From: 2003-11-03Exp: 2003-11-03→ Common Stock (15,000 underlying)

Footnotes (4)

[F1]On 11/3/2003, T/R Systems, Inc. merged with a subsidiary of Electronics For Imaging, Inc. As a result of the merger each common share of T/R Systems, Inc. was cancelled and converted into the right to receive a cash payment of $1.5748 per share (the merger transaction).
[F2]Shares were held by Sevin Rosen Fund IV L.P.; reporting person is a general partner of SRB Associates IV, L.P., the general partner of Sevin Rosen Fund IV L.P. Reporting person disclaims beneficial ownership of the shares held by the partnership, except to the extent of any indirect pecuniary interest therein.
[F3]On 11/3/2003, T/R Systems, Inc. merged with a subsidiary of Electronics For Imaging,Inc. As a result, vesting of options was accelerated to 100%, effective immediately prior to the closing of the merger transaction.
[F4]On 11/3/2003, T/R Systems, Inc. merged with a subsidiary of Electronics For Imaging, Inc. As a result, options with an exercise price in excess of the merger transaction consideration price were cancelled.

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