4//SEC Filing
LOEVNER KIRK 4
Accession 0001104659-04-001494
CIK 0001106917other
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 4:39 PM ET
Size
11.1 KB
Accession
0001104659-04-001494
Insider Transaction Report
Form 4
PINNACOR INCPCOR
LOEVNER KIRK
DirectorPresident & CEO
Transactions
- Disposition from Tender
Stock Option (right to buy)
2004-01-16−1,271,260→ 0 totalExercise: $2.19→ Common Stock (1,271,260 underlying) - Disposition from Tender
Common Stock
2004-01-16−437,500→ 0 total - Disposition from Tender
Stock Option (right to buy)
2004-01-16−500,000→ 0 totalExercise: $1.22→ Common Stock (500,000 underlying) - Disposition from Tender
Stock Option (right to buy)
2004-01-16−400,000→ 0 totalExercise: $1.24→ Common Stock (400,000 underlying)
Footnotes (5)
- [F1]Disposed of pursuant to merger agreement between Pinnacor, Marketwatch and NMP, Inc. in exchange for either $2.42 per share, in cash, or .2659 shares of NMP, Inc. common stock, or a combination of both, depending on the elections of all the shareholders of Pinnacor.
- [F2]This option, which vested 25% on 1/4/03 and thereafter in 12 equal quarterly installments, was assumed by Marketwatch in the merger and replaced with an option to purchase 338,028 shares of Marketwatch stock for $8.23 per share.
- [F3]This option, which vested 33% vest on 1/1/04 and thereafter in 8 equal, quarterly amounts, was assumed by Marketwatch in the merger and replaced with an option to purchase 132,950 shares of Marketwatch stock for $4.58 per share.
- [F4]This option, which vested 25% on 9/26/03 and thereafter in 10 equal, quarterly amounts, was assumed by Marketwatch in the merger and replaced with an option to purchase 106,360 shares of Marketwatch stock for $4.66 per share.
- [F5]The new stock options issued by Marketwatch in exchange for the previous Pinnacor options will expire on January 16, 2005, pursuant to the registrant's amended employment agreement with Pinnacor.
Documents
Issuer
PINNACOR INC
CIK 0001106917
Entity typeother
Related Parties
1- filerCIK 0001164839
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 4:39 PM ET
- Size
- 11.1 KB