4//SEC Filing
FARRIS WILLIAM K 4
Accession 0001140361-07-019832
CIK 0000923571other
Filed
Oct 15, 8:00 PM ET
Accepted
Oct 16, 5:56 PM ET
Size
17.5 KB
Accession
0001140361-07-019832
Insider Transaction Report
Form 4
FARRIS WILLIAM K
VP and General Mgr. Dedicated
Transactions
- Other
Stock Options (Right-to-Buy)
2007-10-12−10,000→ 0 totalExercise: $19.12Exp: 2012-09-18→ Class A Common Stock (10,000 underlying) - Other
Stock Options (Right-to-Buy)
2007-10-12−3,000→ 0 totalExercise: $13.90Exp: 2014-02-05→ Class A Common Stock (3,000 underlying) - Other
Class A Common Stock
2007-10-12$20.10/sh−13,092$263,149→ 0 total - Other
Stock Options (Right-to-Buy)
2007-10-12−9,000→ 0 totalExercise: $11.50Exp: 2012-05-15→ Class A Common Stock (9,000 underlying) - Other
Stock Options (Right-to-Buy)
2007-10-12−8,000→ 0 totalExercise: $12.25Exp: 2008-09-24→ Class A Common Stock (8,000 underlying)
Footnotes (5)
- [F1]Disposed of in connection with the tender offer and the merger of New Mountain Lake Acquisition Company ("NMLAC") with and into the Issuer (the "Merger") in exchange for a cash payment of $20.10 per share of the Issuer's Class A Common Stock.
- [F2]The options to buy 10,000 shares of the Issuer?s Class A Common Stock under the Issuer?s 1993 Incentive Stock Plan, granted on September 18, 1997, which originally provided for full vesting on the fifth anniversary of the grant date beginning on September 18, 1998, were cancelled pursuant to the Merger in exchange for a cash payment of $9,800, representing (a) the difference between the per share exercise price of the option and the per share consideration received by stockholders in the Merger, times (b) the number of shares subject to the option.
- [F3]The options to buy 8,000 shares of the Issuer?s Class A Common Stock under the Issuer?s 1993 Incentive Stock Plan, granted on September 24, 1998, which originally provided for full vesting on the fourth anniversary of the grant date beginning on September 24, 1999, were cancelled pursuant to the Merger in exchange for a cash payment of $62,800, representing (a) the difference between the per share exercise price of the option and the per share consideration received by stockholders in the Merger, times (b) the number of shares subject to the option.
- [F4]The options to buy 9,000 shares of the Issuer?s Class A Common Stock under the Issuer?s 2002 Stock Incentive Plan, which originally provided for vesting of 20% on the first through the fifth anniversaries of the grant date beginning on May 15, 2003, but were accelerated to October 25, 2005 by the Compensation Committee of the Issuer?s Board of Directors, were cancelled pursuant to the Merger in exchange for a cash payment of $77,400, representing (a) the difference between the per share exercise price of the option and the per share consideration received by stockholders in the Merger, times (b) the number of shares subject to the option.
- [F5]The options to buy 3,000 shares of the Issuer?s Class A Common Stock under the Issuer?s 2002 Stock Incentive Plan, which originally provided for vesting of 33% on the first through the third anniversaries of the grant date beginning on February 5, 2005, but were accelerated to October 25, 2005 by the Compensation Committee of the Issuer?s Board of Directors, were cancelled pursuant to the Merger in exchange for a cash payment of $18,600, representing (a) the difference between the per share exercise price of the option and the per share consideration received by stockholders in the Merger, times (b) the number of shares subject to the option.
Documents
Issuer
US XPRESS ENTERPRISES INC
CIK 0000923571
Entity typeother
IncorporatedNV
Related Parties
1- filerCIK 0001046539
Filing Metadata
- Form type
- 4
- Filed
- Oct 15, 8:00 PM ET
- Accepted
- Oct 16, 5:56 PM ET
- Size
- 17.5 KB