SUDDERTH ROBERT J JR 4
4 · US XPRESS ENTERPRISES INC · Filed Oct 16, 2007
Insider Transaction Report
Form 4
SUDDERTH ROBERT J JR
Director
Transactions
- Other
Stock Options (Right-to-Buy)
2007-10-12−1,200→ 0 totalExercise: $14.34Exp: 2017-05-11→ Class A Common Stock (1,200 underlying) - Other
Class A Common Stock
2007-10-12−15,992→ 0 total
Footnotes (11)
- [F1]Disposed of in 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 Class A Common Stock.
- [F10]The options to buy 1,200 shares of the Issuer's Class A Common Stock under the Issuer's 1995 Non-Employee Directors Stock Award and Option Plan, which originally provided for vesting in three annual installments beginning the first anniversary date of the grant beginning on May 11, 2000, were cancelled in connection with the Merger in exchange for a cash payment of $10,020, 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.
- [F11]The options to buy 1,200 shares of the Issuer's Class A Common Stock under the Issuer's 1995 Non-Employee Directors Stock Award and Option Plan, which originally provided for vesting in three annual installments beginning the first anniversary date of the grant beginning on May 12, 1999, were cancelled in connection with the Merger in exchange for a cash payment of $12, representing (a) $0.01, times (b) the number of shares subject to the option.
- [F2]The options to buy 1,200 shares of the Issuer's Class A Common Stock under the Issuer's 2006 Omnibus Incentive Plan, which originally provided for vesting in equal increments of 400 shares on each of the first, second and third anniversaries of the grant date beginning on May 11, 2008, were cancelled in connection with the Merger in exchange for a cash payment of $6,912, 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 1,200 shares of the Issuer's Class A Common Stock under the Issuer's 2006 Omnibus Incentive Plan, which originally provided for vesting in three annual installments beginning the first anniversary date of the grant beginning on May 2, 2007, were cancelled in connection with the Merger in exchange for a cash payment of $216, 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 1,200 shares of the Issuer's Class A Common Stock under the Issuer's 2003 Non-Employee Directors' Stock Award and Option Plan, which originally provided for vesting in three annual installments beginning on the first anniversary date of the grant beginning on May 5, 2006, were cancelled in connection with the Merger in exchange for a cash payment of $9,984, 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 1,200 shares of the Issuer's Class A Common Stock under the Issuer's 2003 Non-Employee Directors' Stock Award and Option Plan, which originally provided for vesting in three annual installments beginning on the first anniversary date of the grant beginning on May 18, 2005, were cancelled in connection with the Merger in exchange for a cash payment of $8,484, 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.
- [F6]The options to buy 1,200 shares of the Issuer's Class A Common Stock under the Issuer's 2003 Non-Employee Directors' Stock Award and Option Plan, which originally provided for vesting in three annual installments beginning on the first anniversary date of the grant beginning on May 7, 2004, were cancelled in connection with the Merger in exchange for a cash payment of $10,848, 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.
- [F7]The options to buy 1,200 shares of the Issuer's Class A Common Stock under the Issuer's 1995 Non-Employee Directors Stock Award and Option Plan, which originally provided for vesting in three annual installments beginning the first anniversary date of the grant beginning on May 14, 2003, were cancelled in connection with the Merger in exchange for a cash payment of $10,380, 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.
- [F8]The options to buy 1,200 shares of the Issuer's Class A Common Stock under the Issuer's 1995 Non-Employee Directors Stock Award and Option Plan, which originally provided for vesting in three annual installments beginning the first anniversary date of the grant beginning on May 14, 2002, were cancelled in connection with the Merger in exchange for a cash payment of $15,600, 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.
- [F9]The options to buy 1,200 shares of the Issuer's Class A Common Stock under the Issuer's 1995 Non-Employee Directors Stock Award and Option Plan, which originally provided for vesting in three annual installments beginning the first anniversary date of the grant beginning on May 4, 2001, were cancelled in connection with the Merger in exchange for a cash payment of $15,495, 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.