Golieb Arnold 4
4 · PharmaNet Development Group Inc · Filed Mar 24, 2009
Insider Transaction Report
Form 4
Golieb Arnold
Director
Transactions
- Disposition from Tender
Common Stock, Par value $.001
2009-03-20$5.00/sh−800$4,000→ 0 total(indirect: See footnote) - Disposition from Tender
Common Stock, Par value $.001
2009-03-20$5.00/sh−25,971$129,855→ 0 total
Footnotes (2)
- [F1]Of such amount, Mr. Golieb had previously deferred receipt of 5,805 of such shares, however, such shares were paid for in connection with the change in control which occurred upon the acceptance of shares pursuant to the tender offer (the "Offer") which was launched in connection with the Agreement and Plan of Merger dated February 3, 2009 by and among JLL PharmaNet Holdings, LLC ("Parent"), PDGI Acquisition Corp. ("Purchaser") and PharmaNet ("PharmaNet"). Additionally, of such amount, 3,827 shares automatically vested and were paid for in connection with the change in control. Mr. Golieb has not immediately received the funds associated with this vesting pursuant to Internal Revenue Code 409A. On March 20, 2009, all shares which were tendered by the filing person in connection with the Offer, were accepted by the Purchaser. Any shares which were not tendered by the filing person will be cashed out at the closing of the Merger.
- [F2]Such amount represents shares held by the Brody Children Irrevocable trust of which Mr. Golieb is trustee which were also tendered and subsequently accepted by Purchaser.