4//SEC Filing
EXULT INC 4
Accession 0001108341-04-000053
CIK 0001108341operating
Filed
Oct 4, 8:00 PM ET
Accepted
Oct 5, 5:57 PM ET
Size
8.6 KB
Accession
0001108341-04-000053
Insider Transaction Report
Form 4
EXULT INCEXLT
NEFF THOMAS J
Director
Transactions
- Disposition to Issuer
Common Stock
2004-10-01−10,000→ 0 total - Disposition to Issuer
Employee stock option (Right to buy)
2004-10-01$4.55/sh−50,000$227,500→ 0 totalExercise: $4.55From: 2004-02-13Exp: 2013-02-13→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to merger agreement among issuer, Hewitt Associates, Inc. and a wholly-owned subsidiary of Hewitt in exchange for 2,000 shares of Hewitt Class A common stock having a market value of $27.25 per share at the effective time of the merger.
- [F2]This option, which provided for vesting with respect to 25% of the underlying shares on the first anniversary of the date of grant, and with respect to the remaining 75% of the underlying shares in 36 equal consecutive monthly installments thereafter, terminated in connection with the merger of the Issuer and Hewitt Associates, Inc., resulting in a gross cash payment to the reporting person of $41,353.50, representing the amount by which the deal value of the common stock underlying the option exceeded the exercise price of the option. For this purpose, the "deal value" of the underlying common stock on the effective date of the merger was $5.37707 per share, calculated as 20% of the weighted average of the closing sale prices for Class A Common Stock of Hewitt Associates, Inc. for the ten full trading days immediately preceeding the effective date of the merger.
- [F3]Out-of-the-money options terminated at the effective time of the merger without cash payment.
Documents
Issuer
EXULT INC
CIK 0001108341
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001108341
Filing Metadata
- Form type
- 4
- Filed
- Oct 4, 8:00 PM ET
- Accepted
- Oct 5, 5:57 PM ET
- Size
- 8.6 KB