4//SEC Filing
Van Schoor Francois 4
Accession 0001123292-12-000292
CIK 0001063254other
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 6:03 PM ET
Size
24.3 KB
Accession
0001123292-12-000292
Insider Transaction Report
Form 4
S1 CORP /DE/SONE
Van Schoor Francois
President, Postilion Payments
Transactions
- Disposition from Tender
Common Stock
2012-02-10−32,309→ 65,750 total - Disposition to Issuer
Common Stock
2012-02-13−25,000→ 40,750 total - Disposition to Issuer
Common Stock
2012-02-13−40,750→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2012-02-13$6.13/sh−20,000$122,560→ 0 totalExercise: $4.15Exp: 2015-11-08→ Common Stock (20,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2012-02-13$5.42/sh−65,377$354,213→ 0 totalExercise: $4.86Exp: 2016-11-01→ Common Stock (65,377 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2012-02-13$4.23/sh−55,000$232,540→ 0 totalExercise: $6.05Exp: 2020-06-05→ Common Stock (55,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2012-02-13$3.90/sh−40,000$155,920→ 0 totalExercise: $6.38Exp: 2018-05-28→ Common Stock (40,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2012-02-13$3.26/sh−15,000$48,870→ 0 totalExercise: $7.02Exp: 2015-03-16→ Common Stock (15,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2012-02-13$3.16/sh−18,000$56,844→ 0 totalExercise: $7.12Exp: 2019-06-11→ Common Stock (18,000 underlying)
Footnotes (9)
- [F1]Disposed of pursuant to the terms of the Transaction Agreement, dated as of October 3, 2011 (the "Transaction Agreement"), by and among S1 Corporation, ACI Worldwide, Inc. and Antelope Investment Co. LLC in exchange for (i) $10.00 in cash or (ii) 0.3148 of a share of ACI Worldwide, Inc. common stock, subject to proration, per share. Mr. Van Schoor elected to tender all of his shares of S1 Corporation common stock for stock consideration, which as of February 10, 2012 (the date ACI Worldwide, Inc. accepted all shares tendered in the tender offer) had a market value of $10.50 per share.
- [F2]Disposed of pursuant to the terms of the Transaction Agreement in exchange for 7,475 shares of ACI Worldwide, Inc. common stock having a market value of $35.47 per share on the trading day immediately prior to the effective time of the merger.
- [F3]Disposed of pursuant to the terms of the Transaction Agreement. Each share was exchanged for $6.62 in cash and 0.1064 of a share of ACI Worldwide, Inc. common stock, for a total market value of $10.278 per share as of the effective time of the merger.
- [F4]This option, which previously vested in four equal annual installments ending on November 8, 2009, was cancelled in the merger in exchange for a cash payment of $122,560, representing the difference between the exercise price of the option and $10.278, which represents the Blended Value (as defined in the Transaction Agreement) of the merger consideration as of the effective time of the merger.
- [F5]This option, which previously vested, was cancelled in the merger in exchange for a cash payment of $354,212, representing the difference between the exercise price of the option and $10.278, which represents the Blended Value (as defined in the Transaction Agreement) of the merger consideration as of the effective time of the merger.
- [F6]This option, which provided for vesting in four equal annual installments beginning on June 5, 2011, was cancelled in the merger in exchange for a cash payment of $232,540, representing the difference between the exercise price of the option and $10.278, which represents the Blended Value (as defined in the Transaction Agreement) of the merger consideration as of the effective time of the merger.
- [F7]This option, which provided for vesting in four equal annual installments beginning on May 28, 2009, was cancelled in the merger in exchange for a cash payment of $155,920, representing the difference between the exercise price of the option and $10.278, which represents the Blended Value (as defined in the Transaction Agreement) of the merger consideration as of the effective time of the merger.
- [F8]This option, which previously vested in four equal annual installments ending on March 16, 2009, was cancelled in the merger in exchange for a cash payment of $48,870, representing the difference between the exercise price of the option and $10.278, which represents the Blended Value (as defined in the Transaction Agreement) of the merger consideration as of the effective time of the merger.
- [F9]This option, which provided for vesting in four equal annual installments beginning on June 11, 2010, was cancelled in the merger in exchange for a cash payment of $56,844, representing the difference between the exercise price of the option and $10.278, which represents the Blended Value (as defined in the Transaction Agreement) of the merger consideration as of the effective time of the merger.
Documents
Issuer
S1 CORP /DE/
CIK 0001063254
Entity typeother
Related Parties
1- filerCIK 0001455187
Filing Metadata
- Form type
- 4
- Filed
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 6:03 PM ET
- Size
- 24.3 KB