Cheesman Keith A 4
4 · KENDLE INTERNATIONAL INC · Filed Jul 13, 2011
Insider Transaction Report
Form 4
Cheesman Keith A
Senior VP, CFO
Transactions
- Disposition to Issuer
Common Shares
2011-07-12−20,373→ 0 total - Disposition to Issuer
Stock Options (Right to Buy)
2011-07-12−5,000→ 0 totalExercise: $37.78Exp: 2018-05-12→ Common Stock (5,000 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to a merger agreement between the issuer and an unaffiliated acquirer for a cash payment equal to $15.25 per share.
- [F2]Options, whether vested or unvested, disposed of pursuant to a merger agreement between issuer and an unaffiliated acquirer for a cash payment equal to the product of (i) the number of common shares underlying the unexercised stock option, multiplied by (ii) the excess, if any, of $15.25 over the per share exercise price of such option.
- [F3]These options vest at a rate of 20% per year beginning on the first anniversary of the grant date.