4//SEC Filing
Earnshaw William E 4
Accession 0001120105-09-000043
CIK 0001120105other
Filed
Dec 20, 7:00 PM ET
Accepted
Dec 21, 7:24 PM ET
Size
11.3 KB
Accession
0001120105-09-000043
Insider Transaction Report
Form 4
INTELLON CORPITLN
Earnshaw William E
Senior VP Engineering
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2009-12-15−40,000→ 0 totalExercise: $2.10Exp: 2019-02-26→ Common Stock (40,000 underlying) - Disposition to Issuer
Common Stock
2009-12-15−145,490→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2009-12-15−64,027→ 0 totalExercise: $8.04Exp: 2017-05-24→ Common Stock (64,027 underlying)
Footnotes (4)
- [F1]The number of shares disposed of includes 20,000 unvested restricted stock units (the "20,000 RSUs") granted February 26, 2009, 24,015 unvested restricted stock units granted June 1, 2009, 8,004 restricted stock units which had vested prior to December 15, 2009, and 93,471 shares of common stock.
- [F2]The 20,000 RSUs and the 24,015 RSUs were converted pursuant to the merger agreement among issuer, Atheros Communications, Inc. ("Atheros"), Iceman Acquisition One Corporation, and Atheros Powerline LLC, formerly known as Iceman Acquisition Two LLC (the "Merger Agreement"), on substantially identical terms and conditions applicable to such awards, into restricted stock units of Atheros common stock, except that such restricted stock units represent the right to receive, upon vesting, 0.267 shares of Atheros common stock. The 8,004 RSUs were disposed of pursuant to the Merger Agreement in exchange for a cash payment of $26,677.71 and 1,160 shares of Atheros common stock having a market value of $32.18 per share on the effective date of the merger. The 93,471 shares of common stock were disposed of pursuant to the Merger Agreement, in exchange for a cash payment of $311,284.14 and 13,556 shares of Atheros common stock.
- [F3]This option, which provided for 25% of the option to vest on the last day of the calendar month of the first anniversary of the issuer's initial public offering with 6.25% of the remaining options vesting at the end of each three-month period thereafter, was assumed by Atheros in the merger and replaced with an option to purchase 15,993 shares of Atheros common stock.
- [F4]This option, which provided for 25% of the option to vest 12 months following February 28, 2009, with the remainder of the shares vesting quarterly at the end of each 3 calendar month period thereafter over the succeeding 3 years, was assumed by Atheros in the merger and replaced with an option to purchase 9,992 shares of Atheros common stock.
Documents
Issuer
INTELLON CORP
CIK 0001120105
Entity typeother
Related Parties
1- filerCIK 0001420769
Filing Metadata
- Form type
- 4
- Filed
- Dec 20, 7:00 PM ET
- Accepted
- Dec 21, 7:24 PM ET
- Size
- 11.3 KB