CLAY HARRIS 4
4 · ADE CORP · Filed Oct 13, 2006
Insider Transaction Report
Form 4
ADE CORPADEX
CLAY HARRIS
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2006-10-11$10.53/sh−5,000$52,650→ 0 totalExercise: $21.97Exp: 2015-09-21→ Common Stock (5,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2006-10-11$11.76/sh−10,000$117,600→ 0 totalExercise: $20.74Exp: 2015-05-18→ Common Stock (10,000 underlying) - Disposition to Issuer
Common Stock
2006-10-11−803,769→ 0 total
Footnotes (3)
- [F1]Disposed of pursuant to merger agreement between issuer and KLA-Tencor Corporation in exchange for $32.50 per share on the effective date of the merger.
- [F2]This option, which provided for vesting in equal installments annually over a five year period, was canceled in the merger in exchange for a cash payment of $52,650 representing the difference between the exercise price of the option and $32.50.
- [F3]This option, which provided for vesting in equal installments quarterly over a five year period, was canceled in the merger in exchange for a cash payment of $117,600 representing the difference between the exercise price of the option and $32.50.