NANOSPHERE INC 4
4 · NANOSPHERE INC · Filed Jul 1, 2016
Insider Transaction Report
Form 4
NANOSPHERE INCNSPH
Holmlin R. Erik
Director
Transactions
- Disposition to Issuer
Common Stock
2016-06-30$1.70/sh−10,000$17,000→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2016-06-30$0.02/sh−10,000$200→ 0 totalExercise: $1.68From: 2016-09-30Exp: 2025-09-30→ Common Stock (10,000 underlying)
Footnotes (2)
- [F1]The shares were disposed of pursuant to a merger agreement between Nanosphere, Inc. (the "Company"), Commodore Acquisition, Inc. and Luminex Corporation for a purchase price of $1.70 per share in cash (the "Merger"). The Merger was completed on June 30, 2016.
- [F2]This option, which provided for vesting in full on September 30, 2016, was canceled in the Merger for a cash payment of $200 (prior to withholding of applicable taxes), representing the difference between the exercise price of the option and the market value of the underlying shares of the Company's common stock on the effective date of the Merger equal to the per share purchase price in the Merger.