Alvarez Felipe J. 4
4 · RCN CORP /DE/ · Filed Aug 30, 2010
Insider Transaction Report
Form 4
RCN CORP /DE/RCNI
Alvarez Felipe J.
SVP & President
Transactions
- Disposition to Issuer
Common Stock
2010-08-26$15.00/sh−65,636$984,540→ 0 total - Disposition to Issuer
Options to Purchase Common Stock
2010-08-26$15.00/sh−31,471$472,065→ 0 totalExercise: $9.05From: 2010-08-26Exp: 2016-08-12→ Common Stock (31,471 underlying)
Footnotes (3)
- [F1]Includes 36,962 previously unvested Restricted Stock Units, each of which automatically vested in connection with the closing of the transactions contemplated by the Merger Agreement in accordance with the terms of the Merger Agreement.
- [F2]Shares were disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of March 5, 2010, as amended, by and among RCN Corporation, Yankee Cable Acquisition, LLC, Yankee Metro Parent, Inc. and Yankee Metro Merger Sub, Inc. in exchange for $15.00 per share in cash.
- [F3]Pursuant to the Merger Agreement, options cancelled and converted into the right to receive, for each share underlying such option, a cash payment equal to the excess, if any, of $15.00 over such option's per-share exercise price.