PRA International 4
4 · PRA International · Filed Jun 13, 2007
Insider Transaction Report
Form 4
VA PARTNERS LLC
10% Owner
Transactions
- Award
Director Stock Option (right to buy)
2007-06-12+40,000→ 40,000 total(indirect: See Footnote)Exercise: $24.61Exp: 2014-06-12→ Common Stock (40,000 underlying)
Footnotes (2)
- [F1]Exercisable as to 25% on each of June 12, 2008, June 12, 2009, June 12, 2010 and June 12, 2011.
- [F2]Represents director stock options issued to Gregory P. Spivy as a director of PRA International. Under an agreement with ValueAct Capital, Gregory P. Spivy is deemed to hold the director stock options for the benefit of ValueAct Capital Master Fund, L.P. and ValueAct Capital Master Fund III, L.P. and indirectly for (i) VA Partners, L.L.C. as General Partner of ValueAct Capital Master Fund, L.P. (ii) VA Partners III, L.L.C. as General Partner of ValueAct Capital Master Fund III, L.P. (iii) ValueAct Capital Management, L.P. as the manager of ValueAct Capital Master Fund, L.P. and ValueAct Capital Master Fund III, L.P. and (iv) ValueAct Capital Management, L.L.C. as General Partner of ValueAct Capital Management, L.P. (collectively "ValueAct Capital"). Gregory P. Spivy is a Non-Managing Member of VA Partners, LLC and ValueAct Capital Management, L.P. The reporting person disclaims beneficial ownership of the reported stock except to the extent of his pecuniary interest therein.