Burmahl Patricia L 4
4 · GERBER SCIENTIFIC INC · Filed Aug 24, 2011
Insider Transaction Report
Form 4
Burmahl Patricia L
SVP, Global HR
Transactions
- Disposition to Issuer
Common Stock
2011-08-22−1,608→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2011-08-22−15,000→ 0 totalExercise: $7.64Exp: 2020-05-02→ Common stock (0 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2011-08-22−15,625→ 0 totalExercise: $5.93Exp: 2020-09-23→ Common stock (0 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to an Agreement and Plan of Merger, dated as of June 10, 2011, among Gerber Scientific, Inc., Vector Knife Holdings (Cayman), Ltd. and Knife Merger Sub, Inc., pursuant to which each share of Gerber Scientific, Inc. has been converted into the right to receive $11.00 in cash plus a contractual right to receive additional contingent cash consideration payments relating to a patent infringement claim.
- [F2]Option became fully vested on the effective date of the merger, August 22, 2011.
- [F3]Each vested option with an exercise price below $11.00 per share was cancelled and converted into the right to receive (1) cash equal to the product of (a) the difference between $11.00 and the applicable exercise price of such option and (b) the number of shares of the Gerber Scientific, Inc. common stock underlying such option, and (2) a contractual right to receive additional contingent cash consideration payments relating to a patent infringement claim.