4//SEC Filing
Grimshaw Eric 4
Accession 0001127602-11-017986
CIK 0000742550other
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 9:14 AM ET
Size
7.1 KB
Accession
0001127602-11-017986
Insider Transaction Report
Form 4
Grimshaw Eric
Director
Transactions
- Disposition to Issuer
Common Stock
2011-05-31$5.50/sh−744$4,092→ 0 total - Disposition to Issuer
Stock Options (Right to Buy)
2011-05-31−10,000→ 0 totalExercise: $2.70Exp: 2015-12-01→ Common Stock (0 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to Agreement and Plan of Merger, dated February 8, 2011, by and among XETA Technologies, Inc., PAETEC Holding Corp. and Hera Corparation; each share has been converted into the right to receive $5.50 per share (the Merger Consideration")
- [F2]Option vested in full on the effective date of the merger May 31, 2011.
- [F3]Each vested option was cancelled and converted into the right to receive a cash per share payment equal to the product of (i) the excess of the Merger Consideration over the applicable exercise price of such option and (ii) the number of shares of the Company's common stock issuable upon exercise of the option less any applicable withholding taxes.
Documents
Issuer
XETA TECHNOLOGIES INC
CIK 0000742550
Entity typeother
Related Parties
1- filerCIK 0001477505
Filing Metadata
- Form type
- 4
- Filed
- May 31, 8:00 PM ET
- Accepted
- Jun 1, 9:14 AM ET
- Size
- 7.1 KB