4//SEC Filing
REIGEL DONALD E JR 4
Accession 0001127602-11-017987
CIK 0000742550other
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 9:15 AM ET
Size
15.7 KB
Accession
0001127602-11-017987
Insider Transaction Report
Form 4
REIGEL DONALD E JR
Executive Director-Avaya Sales
Transactions
- Disposition to Issuer
Stock Options (Right to Buy)
2011-05-31−15,000→ 15,000 totalExercise: $2.90Exp: 2016-12-27→ Common Stock (0 underlying) - Disposition to Issuer
Xeta Stock Fund in 401k Plan
2011-05-31$5.50/sh−8,465$46,558→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Stock Options (Right to Buy)
2011-05-31−30,000→ 0 totalExercise: $2.95From: 2009-10-19Exp: 2011-10-19→ Common Stock (0 underlying) - Disposition to Issuer
Common Stock
2011-05-31$5.50/sh−117,878$648,329→ 0 total - Disposition to Issuer
Stock Options (Right to Buy)
2011-05-31−11,338→ 0 totalExercise: $2.54Exp: 2015-10-16→ Common Stock (0 underlying)
Footnotes (6)
- [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]50% of the total number of shares covered by such option vested on the effective date of the merger May 31, 2011; the remaining 50% of the shares covered by such option were forfeited upon cancellation of the option.
- [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.
- [F4]Represents the equivalent number of shares held as units for the reporting person's account by the Company's 401k retirement plan.
- [F5]50% of the total number of shares covered by such option vested pursuant to its terms on October 16, 2010; on the effective date of the merger, May 31, 2011, the remaining 50% of the shares covered by such option vested.
- [F6]Option vested in full on the effective date of the merger May 31, 2011.
Documents
Issuer
XETA TECHNOLOGIES INC
CIK 0000742550
Entity typeother
Related Parties
1- filerCIK 0001421165
Filing Metadata
- Form type
- 4
- Filed
- May 31, 8:00 PM ET
- Accepted
- Jun 1, 9:15 AM ET
- Size
- 15.7 KB