XETA TECHNOLOGIES INC 4
4 · XETA TECHNOLOGIES INC · Filed Jun 1, 2011
Insider Transaction Report
Form 4
SIEGENTHALER RONALD L
Director10% Owner
Transactions
- Disposition to Issuer
Common Stock
2011-05-31$5.50/sh−129,000$709,500→ 0 total(indirect: By Trust) - Disposition to Issuer
Common Stock
2011-05-31$5.50/sh−980,003$5,390,017→ 0 total - Disposition to Issuer
Stock Options (Right to Buy)
2011-05-31−8,000→ 0 totalExercise: $3.63From: 2004-11-01Exp: 2011-10-31→ Common Stock (0 underlying)
Footnotes (2)
- [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]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.