VITESSE SEMICONDUCTOR CORP 4
4 · VITESSE SEMICONDUCTOR CORP · Filed Apr 29, 2015
Insider Transaction Report
Form 4
Traub Kenneth
Other
Transactions
- Disposition to Issuer
Restricted Stock Unit
2015-04-28$5.28/sh−16,500$87,120→ 0 total→ Common Stock (16,500 underlying) - Disposition from Tender
Common Stock
2015-04-27$5.28/sh−111,909$590,880→ 0 total - Disposition to Issuer
Restricted Stock Unit
2015-04-28$5.28/sh−4,666$24,636→ 0 total→ Common Stock (4,666 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Vitesse Semiconductor Corporation common stock.
- [F2]In connection with the Agreement and Plan of Merger, dated March 17, 2015, by and among Vitesse Semiconductor Corporation, Microsemi Corporation and LLIU100 Acquisition Corp. (the "Merger Agreement"), the Compensation Committee of the Company's Board of Directors accelerated the vesting of these restricted stock units in full, and the restricted stock units were cancelled in the merger in exchange for a cash amount equal to the number of shares underlying the restricted stock units multiplied by the per share merger consideration of $5.28.