MUBARAK FARES N 4

Accession 0001104659-10-060679

CIK 0000907687other

Filed

Nov 30, 7:00 PM ET

Accepted

Dec 1, 2:43 PM ET

Size

53.0 KB

Accession

0001104659-10-060679

Form 4

Period: 2010-11-02

Sr.VP, Marketing & Engineering

Transactions

Disposition to Issuer
Restricted Stock Unit
2010-11-02−1,125→ 0 total
From: 2007-10-26Exp: 2017-10-25→ Common Stock (1,125 underlying)
Disposition to Issuer
Stock Appreciation Right
2010-11-02−16,875→ 0 total
Exercise: $15.30From: 2012-04-01Exp: 2020-05-04→ Common Stock (16,875 underlying)
Disposition to Issuer
Stock Appreciation Right
2010-11-02−3,800→ 0 total
Exercise: $11.02From: 2010-11-03Exp: 2020-02-09→ Common Stock (3,800 underlying)
Disposition to Issuer
Restricted Stock Unit
2010-11-02−2,250→ 0 total
From: 2008-03-12Exp: 2018-03-11→ Common Stock (2,250 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2010-11-02−16,875→ 0 total
Exercise: $13.08From: 2010-03-02Exp: 2018-03-12→ Common Stock (16,875 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2010-11-02−45,000→ 0 total
Exercise: $15.70From: 2009-01-07Exp: 2015-01-07→ Common Stock (45,000 underlying)
Disposition from Tender
Common Stock
2010-11-02$20.88/sh−25,852$539,790→ 0 total
Disposition to Issuer
Stock Option (Right to Buy)
2010-11-02−20,000→ 0 total
Exercise: $11.05From: 2010-02-06Exp: 2016-03-03→ Common Stock (20,000 underlying)
Disposition to Issuer
Restricted Stock Unit
2010-11-02−4,500→ 0 total
From: 2010-05-04Exp: 2020-05-03→ Common Stock (4,500 underlying)

Footnotes (4)

[F1]Pursuant to the merger agreement between the issuer, Microsemi Corporation ("Microsemi") and Artful Acquisition Corp., ("Artful") (the "Merger Agreement"), and in connection with the completion of a cash tender offer by Artful to purchase all of issuer's issued and outstanding common stock, (the "Tender Offer"), this option was not assumed by Microsemi and was cancelled in exchange for a cash payment to Reporting Person equal to the difference between the offer price per share of $20.88 and the exercise price per share of the option; less all applicable deductions and tax withholdings.
[F2]Pursuant to the Merger Agreement and in connection with the Tender Offer, this Stock Appreciation Right ("SAR") was not assumed by Microsemi and was cancelled in exchange for a cash payment to Reporting Person equal to the difference between the offer price per share of $20.88 and the exercise price per share of the SAR; less all applicable deductions and tax withholdings.
[F3]Each Restricted Stock Unit ("RSU") represented a contingent right to receive one share of issuer common stock.
[F4]Pursuant to the Merger Agreement and in connection with the Tender Offer, this RSU was not assumed by Microsemi and was cancelled in exchange for a cash payment to Reporting Person equal to the offer price per share of $20.88 multiplied by the number of shares of issuer common stock subject to such RSU; less all applicable deductions and tax withholdings.

Documents

1 file

ACTEL CORP

CIK 0000907687

Entity typeother