Stremel John P 4
4 · EnergyConnect Group Inc · Filed Jul 6, 2011
Insider Transaction Report
Form 4
Stremel John P
VP Grid Operations
Transactions
- Disposition to Issuer
Common Stock Option
2011-07-01$0.18/sh−100,000$17,530→ 0 totalExercise: $0.05From: 2010-03-06Exp: 2019-03-06→ Common Stock (100,000 underlying) - Disposition to Issuer
Common Stock Option
2011-07-01$0.18/sh−756,959$132,695→ 0 totalExercise: $0.05Exp: 2019-03-06→ Common Stock (756,959 underlying) - Disposition to Issuer
Common Stock
2011-07-01$0.23/sh−485,500$109,383→ 0 total
Footnotes (4)
- [F1]Disposed of in exchange for a cash payment of $0.2253 per share pursuant to the merger agreement dated March 2, 2011 by and between the issuer, Johnson Controls Holding Company, Inc. and Eureka, Inc. (the "Merger").
- [F2]The vesting of this option, which provided for vesting over a four year period commencing with 1/4th of the total shares vesting on the 12 month anniversary of the date of grant and 1/36th vesting each month thereafter, was accelerated in full as a result of the Merger.
- [F3]This option was canceled in the Merger in exchange for a cash payment of $17,530 representing the difference between the exercise price of the option and the Merger consideration of $0.2253 per share.
- [F4]This option was canceled in the Merger in exchange for a cash payment of $132,694.91 representing the difference between the exercise price of the option and the Merger consideration of $0.2253 per share.