4//SEC Filing
SKILLSOFT PUBLIC LIMITED CO 4
Accession 0001140361-10-023294
CIK 0000940181operating
Filed
May 26, 8:00 PM ET
Accepted
May 27, 4:03 PM ET
Size
15.1 KB
Accession
0001140361-10-023294
Insider Transaction Report
Form 4
NINE JERALD A JR
Chief Operating Officer
Transactions
- Disposition to Issuer
American Depositary Shares
2010-05-26−34,714→ 0 total(indirect: See Footnote) - Gift
American Depositary Shares
2010-05-19−9,000→ 34,714 total(indirect: See Footnote) - Disposition to Issuer
American Depositary Shares
2010-05-26−50,321→ 0 total - Disposition to Issuer
Option to Purchase Ordinary Shares
2010-05-26−78,359→ 0 totalExercise: $6.36Exp: 2011-09-27→ Ordinary Shares (78,359 underlying) - Disposition to Issuer
Option to Purchase Ordinary Shares
2010-05-26−1,200,000→ 0 totalExercise: $6.41Exp: 2013-12-05→ Ordinary Shares (1,200,000 underlying)
Footnotes (7)
- [F1]American Depositary Shares (ADS) evidenced by American Depositary Receipts, each of which represents one Ordinary Share of SkillSoft Public Limited Company, nominal value 0.11 (Euro) per Ordinary Share.
- [F2]Reflects a gift by The Kimberly Nine Revocable Trust, of which the Reporting Person's spouse is trustee, to The Nine Family's charitable gift fund. The Reporting Person disclaims beneficial ownership of these securities to the extent to which such person does not have an actual pecuniary interest in these securities.
- [F3]These ADSs are held by the Kimberly M. Nine Revocable Trust, of which the Reporting Person's spouse is trustee, and were disposed of pursuant to the Transaction Agreement regarding a scheme of arrangement (the "Transaction Agreement") between issuer and SSI Investments III Limited ("SSI") in exchange for a cash payment of $390,532.50 ($11.25 per ADS), subject to applicable tax withholding and an ADS cancellation fee.
- [F4]These ADS are held by the Reporting Person, and were disposed of pursuant to the Transaction Agreement in exchange for a cash payment of $566,111.25 ($11.25 per ADS), subject to applicable tax withholding and an ADS cancellation fee.
- [F5]Each issued and oustanding Ordinary Share of the issuer, or option to purchase an Ordinary Share of the issuer, is represented by one ADS.
- [F6]This option, which was 100% vested at 09/27/2005, was cancelled pursuant to the Transaction Agreement, in exchange for a cash payment of $383,175.51 representing the difference between the exercise price of the option and the consideration of $11.25 per share paid pursuant to the Transaction Agreement, subject to applicable tax withholding.
- [F7]This option, which vested as to 25% of the shares on 12/05/2007 and as to an additional 1/48th of the shares each month thereafter for 36 months, was cancelled pursuant to the Transaction Agreement, in exchange for a cash payment of $5,808,000 representing the difference between the exercise price of the option and the consideration of $11.25 per share paid pursuant to the Transaction Agreement, subject to applicable tax withholding.
Documents
Issuer
SKILLSOFT PUBLIC LIMITED CO
CIK 0000940181
Entity typeoperating
Related Parties
1- filerCIK 0000940181
Filing Metadata
- Form type
- 4
- Filed
- May 26, 8:00 PM ET
- Accepted
- May 27, 4:03 PM ET
- Size
- 15.1 KB