Roseman Mark J 4
4 · KENDLE INTERNATIONAL INC · Filed Jul 13, 2011
Insider Transaction Report
Form 4
Roseman Mark J
Sr. VP/Chief Marketing Officer
Transactions
- Disposition to Issuer
Common Shares
2011-07-12−21,331→ 0 total - Disposition to Issuer
Stock Options (Right to Buy)
2011-07-12$7.23/sh−15,000$108,450→ 0 totalExercise: $8.02Exp: 2020-08-30→ Common Stock (15,000 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 25% per year beginning on the first anniversary of the grant date.