White Simon 4
4 · GLG Partners, Inc. · Filed Oct 18, 2010
Insider Transaction Report
Form 4
White Simon
Chief Operating Officer
Transactions
- Disposition to Issuer
Common Stock (Restricted)
2010-10-14$4.50/sh−27,133$122,099→ 0 total - Disposition to Issuer
Common Stock
2010-10-14$4.50/sh−330,000$1,485,000→ 0 total
Footnotes (2)
- [F1]These shares of restricted common stock of GLG Partners, Inc. ("GLG") awarded to Mr. White 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 receipt of which is subject to the same vesting terms and conditions and other rights and restrictions that were applicable to such shares of GLG restricted common stock prior 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.