4//SEC Filing
VITESSE SEMICONDUCTOR CORP 4
Accession 0001104659-15-031835
CIK 0000880446operating
Filed
Apr 28, 8:00 PM ET
Accepted
Apr 29, 9:24 PM ET
Size
14.3 KB
Accession
0001104659-15-031835
Insider Transaction Report
Form 4
HANSON STEVEN P
Director
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−86,420$456,298→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2015-04-28−3,750→ 0 totalExercise: $22.20Exp: 2017-08-16→ Common Stock (3,750 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2015-04-28−2,000→ 0 totalExercise: $7.20Exp: 2019-01-01→ Common Stock (2,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2015-04-28−2,000→ 0 totalExercise: $5.00Exp: 2020-01-01→ Common Stock (2,000 underlying)
Footnotes (5)
- [F1]Pursuant to 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"), these stock options were cancelled in the merger.
- [F2]Pursuant to the Merger Agreement, these options, which provided for vesting in full on January 2, 2010, were assumed by Microsemi in the merger and replaced with options to purchase 304 shares of Microsemi common stock for $47.26 per share.
- [F3]Pursuant to the Merger Agreement, these options, which provided for vesting in full on January 2, 2011, were assumed by Microsemi in the merger and replaced with options to purchase 304 shares of Microsemi common stock for $32.82 per share.
- [F4]Each restricted stock unit represents a contingent right to receive one share of Vitesse Semiconductor Corporation common stock.
- [F5]In connection with 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.
Documents
Issuer
VITESSE SEMICONDUCTOR CORP
CIK 0000880446
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000880446
Filing Metadata
- Form type
- 4
- Filed
- Apr 28, 8:00 PM ET
- Accepted
- Apr 29, 9:24 PM ET
- Size
- 14.3 KB