Propst Craig J 4
4 · POMEROY IT SOLUTIONS INC · Filed Nov 16, 2009
Insider Transaction Report
Form 4
Transactions
- Disposition to Issuer
Common Stock par value $0.01
2009-11-12−6,250→ 0 total - Disposition to Issuer
Stock option (right to buy)
2009-11-12$2.78/sh−17,500$48,650→ 0 totalExercise: $3.72Exp: 2013-12-23→ Common Stock, par value $0.01 (17,500 underlying) - Disposition to Issuer
Common Stock, par value $0.01
2009-11-12−12,500→ 0 total - Disposition to Issuer
Common Stock, par value $0.01
2009-11-12−1,000→ 0 total - Disposition to Issuer
Stock Options (Right to Buy)
2009-11-12$0.85/sh−25,000$21,250→ 0 totalExercise: $5.65Exp: 2013-03-17→ Common Stock, par value $0.01 (25,000 underlying)
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of September 25, 2009, by and among the issuer, Project Skyline Intermediate Holding Corporation, a Delaware corporation, Project Skyline Merger Corporation, a Delaware corporation and a wholly owned subsidiary of Project Skyline Intermediate Holding Corporation (the "Merger Agreement"), pursuant to which outstanding shares of the issuer's common stock was canceled and converted into the right to receive $6.50 in cash, without interest and less any applicable withholding tax.
- [F2]Pursuant to the Merger Agreement, each outstanding option was cancelled and converted into the right to receive an amount in cash, without interest and less any applicable withholding tax, equal to the product of (x) the excess, if any, of (A) $6.50 less (B) the exercise price per share of common stock subject to such option, multiplied by (y) the number of shares of common subject to the option.