4//SEC Filing
FURTNEY RICK 4
Accession 0001120105-09-000046
CIK 0001120105other
Filed
Dec 20, 7:00 PM ET
Accepted
Dec 21, 8:53 PM ET
Size
11.5 KB
Accession
0001120105-09-000046
Insider Transaction Report
Form 4
INTELLON CORPITLN
FURTNEY RICK
President and COO
Transactions
- Disposition to Issuer
Common Stock
2009-12-15−647,838→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2009-12-15−77,500→ 0 totalExercise: $2.10Exp: 2019-02-26→ Common Stock (77,500 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2009-12-15−64,027→ 0 totalExercise: $9.57Exp: 2017-07-26→ Common Stock (64,027 underlying)
Footnotes (4)
- [F1]The number of shares disposed of includes 38,750 unvested restricted stock units granted February 26, 2009 (the "38,750 RSUs"), 33,990 unvested restricted stock units granted June 1, 2009 (the "33,990 RSUs"), 94,461 shares of forfeited restricted stock, 8,333 restricted stock units which had vested prior to December 15, 2009 (the "8,333 RSUs"), and 472,304 shares of common stock (the "472,304 Shares").
- [F2]The 38,750 RSUs and the 33,990 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 the common stock of Atheros, except that such restricted stock units represent the right to receive, upon vesting, 0.267 shares of Atheros common stock. The 8,333 RSUs were disposed of pursuant to the Merger Agreement in exchange for a cash payment of $30,250 and 1,120 shares of Atheros common stock having a market value of $32.18 per share on the effective date of the merger. The 472,304 Shares were disposed of pursuant to the Merger Agreement in exchange for a cash payment of $1,714,472.41 and 63,483 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 19,359 shares of Atheros common stock.
Documents
Issuer
INTELLON CORP
CIK 0001120105
Entity typeother
Related Parties
1- filerCIK 0001225410
Filing Metadata
- Form type
- 4
- Filed
- Dec 20, 7:00 PM ET
- Accepted
- Dec 21, 8:53 PM ET
- Size
- 11.5 KB