4//SEC Filing
MORRELL JAMES L 4
Accession 0001104659-04-031769
CIK 0000921438other
Filed
Oct 24, 8:00 PM ET
Accepted
Oct 25, 7:54 PM ET
Size
20.7 KB
Accession
0001104659-04-031769
Insider Transaction Report
Form 4
PDS GAMING CORPPDSG
MORRELL JAMES L
Director
Transactions
- Disposition to Issuer
Right to Buy (Common Stock)
2004-10-22−5,000→ 0 totalExercise: $9.13Exp: 2008-05-14→ Common Stock (5,000 underlying) - Disposition to Issuer
Right to Buy (Common Stock)
2004-10-22$0.11/sh−10,000$1,100→ 0 totalExercise: $2.50Exp: 2006-03-05→ Common Stock (10,000 underlying)
Footnotes (8)
- [F1]Granted on 03-05-1998; Exercisable in increments of one-fourth (2,500) on each of Annual Meeting of Stockholders at which the director is re-elected or is serving an expired term
- [F2]Pursuant to the Agreement and Plan of Merger dated as of April 14, 2004, immediately prior to the effective time of October 22, 2004 (5:00 pm CDST) (the "Effective Time"), each option to purchase shares of common stock, whether or not then exercisable or vested, became fully exercisable and vested. At the Effective Time, each option was cancelled, where, as consideration for the cancellation, holders of options are entitled to receive an amount equal to the product of: (i) the excess, if any, of $2.61 over the relevant exercise price; and (ii) the number of shares subject to the option (net of taxes, if any). As a result, Mr. Morrell is entitled to receive $1,100, $6,350, $4,300 and $3,400, respectively, for his options.
- [F3]Granted on 05-14-1998; Exercisable in increments of one-fifth (1,000) on each of Annual Meeting of Stockholders at which the director is re-elected or is serving an expired term.
- [F4]Granted on 05-14-1999; Exercisable in increments of one-fifth (1,000) on each of Annual Meeting of Stockholders at which the director is re-elected or is serving an expired term.
- [F5]Granted on 05-12-2000; Exercisable in increments of one-fifth (1,000) on each of Annual Meeting of Stockholders at which the director is re-elected or is serving an expired term.
- [F6]Granted on 05-11-2001; Exercisable in increments of one-fifth (1,000) on each of Annual Meeting of Stockholders at which the director is re-elected or is serving an expired term.
- [F7]Granted on 05-10-2002; Exercisable in increments of one-fifth (1,000) on each of Annual Meeting of Stockholders at which the director is re-elected or is serving an expired term.
- [F8]Granted on 12-29-2003; Exercisable in increments of one-fifth (1,000) on each of Annual Meeting of Stockholders at which the director is re-elected or is serving an expired term.
Documents
Issuer
PDS GAMING CORP
CIK 0000921438
Entity typeother
Related Parties
1- filerCIK 0001217594
Filing Metadata
- Form type
- 4
- Filed
- Oct 24, 8:00 PM ET
- Accepted
- Oct 25, 7:54 PM ET
- Size
- 20.7 KB