POWER ONE INC 4
4 · POWER ONE INC · Filed Jul 29, 2013
Insider Transaction Report
Form 4
POWER ONE INCPWER
Larsen Gary R
SVP, Finance & CFO
Transactions
- Disposition to Issuer
Non-Qualified Stock Option
2013-07-25−100,000→ 0 totalExercise: $10.62Exp: 2020-08-16→ Common Stock (100,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option
2013-07-25$2.08/sh−120,000$250,200→ 0 totalExercise: $4.26Exp: 2022-04-30→ Common Stock (120,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option
2013-07-25−55,000→ 0 totalExercise: $8.08Exp: 2021-05-03→ Common Stock (55,000 underlying) - Disposition to Issuer
Common Stock
2013-07-25$6.35/sh−243,336$1,545,184→ 0 total
Footnotes (4)
- [F1]Reflects 90,168 shares of restricted stock units ("RSUs") granted to the reporting person. Such RSUs can be settled for the Issuer's common stock, par value $0.001 ("Common Stock") underlying such option, and vested immediately prior to the effective time of the merger of Verdi Acquisition Corporation, an indirect wholly owned subsidiary of ABB Ltd ("ABB"), with and into Issuer, with Issuer continuing as the surviving corporation (the "Merger") pursuant to the merger agreement by and among the foregoing entities (the "Merger Agreement").
- [F2]This option, which provided for vesting in four equal installments beginning on August 16, 2011, was assumed by ABB in the Merger and replaced with an option to purchase 27,994 shares of ABB American Depositary Shares ("ADSs") for $37.94 per ADS.
- [F3]This option, which provided for vesting in three equal installments beginning on May 3, 2012, was assumed by ABB in the Merger and replaced with an option to purchase 15,396 ADSs for $28.87 per ADS.
- [F4]This option, which provided for vesting in three equal installments beginning on April 30, 2013, was canceled in the Merger in exchange for a cash payment of $250,200.00, representing the difference between the exercise price of the option and the merger consideration paid for the Common Stock underlying such option.