HARLIN RAY M 4
4 · US XPRESS ENTERPRISES INC · Filed Oct 16, 2007
Insider Transaction Report
Form 4
HARLIN RAY M
Exec. VP Finance and CFO
Transactions
- Other
Stock Options (Right-to-Buy)
2007-10-12−18,000→ 0 totalExercise: $11.50Exp: 2012-05-15→ Class A Common Stock (18,000 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) - Other
Class A Common Stock
2007-10-12$20.10/sh−8,860$178,086→ 0 total(indirect: By 401(k)) - Other
Stock Options (Right-to-Buy)
2007-10-12−50,000→ 0 totalExercise: $18.75Exp: 2012-07-03→ Class A Common Stock (50,000 underlying) - Other
Class A Common Stock
2007-10-12$20.10/sh−4,339$87,214→ 0 total(indirect: by Employee Stock Purchase Plan) - Other
Class A Common Stock
2007-10-12$20.10/sh−64,107$1,288,551→ 0 total - Other
Stock Options (Right-to-Buy)
2007-10-12−25,000→ 0 totalExercise: $6.50Exp: 2010-02-28→ Class A Common Stock (25,000 underlying) - Other
Stock Options (Right-to-Buy)
2007-10-12−15,000→ 0 totalExercise: $13.90Exp: 2014-02-17→ Class A Common Stock (15,000 underlying)
Footnotes (9)
- [F1]Disposed 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 number of shares is equal to the reporting persons October 9, 2007 account balance, the last balance available under the Issuer's XPRE$$AVINGS 401(k) Plan, in the employer's stock fund, divided by the closing price on October 9, 2007. The fund is unitized and as such does not itself allocate a specific number of shares to each participant. These shares were disposed of in connection with the tender offer and Merger in exchange for a cash payment of $20.10 per share of the Issuer's Class A Common Stock.
- [F3]Disposed of in connection with the tender offer and the Merger in exchange for a cash payment of $20.10 per share of the Issuer's Class A Common Stock.
- [F4]The options to buy 50,000 shares of the Issuer?s Class A Common Stock, under the Issuer's 1993 Stock Incentive Plan, which originally provided for vesting at 25% on the first through the fourth anniversaries of the grant date beginning on July 3, 1998, were cancelled pursuant to the Merger in exchange for a cash payment of $67,500, 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 15,000 shares of the Issuer?s Class A Common Stock under the Issuer?s 2002 Stock Incentive Plan, which originally provided for vesting in three equal annual installments beginning on February 5, 2005, were cancelled pursuant to the Merger in exchange for a cash payment of $93,000, 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 18,000 shares of the Issuer?s Class A Common Stock under the Issuer?s 2002 Stock Incentive Plan, which originally provided for vesting in five equal annual installments of 3,600 shares beginning May 15, 2003, were cancelled pursuant to the Merger in exchange for a cash payment of $154,800, 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.
- [F7]The options to buy 25,000 shares of the Issuer?s Class A Common Stock under the Issuer?s 1993 Incentive Stock Plan granted on February 28, 2000, which originally provided for vesting at 25% on the first through the fourth anniversaries of the grant date beginning on February 28, 2001, were cancelled pursuant to the Merger in exchange for a cash payment of $340,000, 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 50,000 shares of the Issuer?s Class A Common Stock under the Issuer?s 1993 Incentive Stock Plan granted on July 1, 2000, which originally provided for vesting at 25% on the first through the fourth anniversaries of the grant date beginning on July 1, 2001, were cancelled pursuant to the Merger in exchange for a cash payment of $601,875, 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 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 vesting at 25% on the first through the fourth anniversaries 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.