4//SEC Filing
GLG Partners, Inc. 4
Accession 0001140361-10-041480
CIK 0001365790operating
Filed
Oct 17, 8:00 PM ET
Accepted
Oct 18, 4:51 PM ET
Size
10.5 KB
Accession
0001140361-10-041480
Insider Transaction Report
Form 4
Lauder William P
Director
Transactions
- Disposition to Issuer
Common Stock (Restricted)
2010-10-14$4.50/sh−40,717$183,227→ 0 total - Disposition to Issuer
Common Stock
2010-10-14$4.50/sh−95,215$428,468→ 0 total - Other
Warrant (right to buy)
2010-10-14$0.13/sh−51,201$6,605→ 0 totalExercise: $7.50Exp: 2011-12-28→ Common Stock (51,201 underlying)
Footnotes (5)
- [F1]These shares of restricted common stock of GLG Partners, Inc. ("GLG") awarded to Mr. Lauder under GLG's 2009 Long-Term Incentive Plan were cancelled pursuant to the Agreement and Plan of Merger dated as of May 17, 2010, as amended (the "Merger Agreement"), among Man Group plc ("Man"), Escalator Sub 1 Inc. (a wholly owned subsidiary of Man) and GLG, with GLG as the surviving corporation and a wholly owned subsidiary of Man (the "Merger"), in exchange for the right to receive $4.50 per share in cash, without interest, the vesting of which was accelerated to the effective time of the Merger.
- [F2]Pursuant to the Merger Agreement, these shares were cancelled in exchange for the right to receive $4.50 per share in cash, without interest.
- [F3]These securities were part of units, consisting of one share of common stock of GLG and one warrant.
- [F4]Each warrant was exercisable at any time commencing on or after December 21, 2007 if and when the last sales price of GLG's common stock exceeded $14.25 per share for any 20 trading days within a 30-day-trading period, provided that there was an effective registration statement in effect at such time covering the shares of common stock underlying the warrants.
- [F5]Pursuant to the terms of GLG's warrant tender offer which expired on October 14, 2010, as described in GLG's Tender Offer Statement on Schedule TO, as amended, filed with the Securities and Exchange Commission on September 24, 2010, Mr. Lauder tendered all 51,201 warrants in exchange for $0.129 per warrant, in cash, without interest.
Documents
Issuer
GLG Partners, Inc.
CIK 0001365790
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001365790
Filing Metadata
- Form type
- 4
- Filed
- Oct 17, 8:00 PM ET
- Accepted
- Oct 18, 4:51 PM ET
- Size
- 10.5 KB