EASYLINK SERVICES CORP 4
4 · EASYLINK SERVICES CORP · Filed Aug 29, 2007
Insider Transaction Report
Form 4
HOLZER PETER J
Director
Transactions
- Disposition to Issuer
Class A Common Stock
2007-08-20−32,258→ 0 total - Disposition to Issuer
Stock Option
2007-08-20−4,000→ 0 totalExercise: $5.00Exp: 2016-06-21→ Class A Common Stock (4,000 underlying) - Disposition to Issuer
Stock Option
2007-08-20−2,000→ 0 totalExercise: $3.15Exp: 2013-06-20→ Class A Common Stock (2,000 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement") among the Issuer, Internet Commerce Corporation ("ICC") and Jets Acquisition Sub, Inc. at a price of $5.80 per share in cash.
- [F2]The stock options vest 25% on the first anniversary of the date of grant and thereafter in equal amounts quarterly over the three-year period following the first anniversary.
- [F3]Each stock option with an exercise price per share less than $5.80 (whether vested or not) was converted into an amount in cash equal to the difference between $5.80 and the exercise price of such option, less any applicable withholding tax.
- [F4]Each stock option with an exercise price equal to or greater than $5.80 was terminated.